3M Co. (NYSE: MMM) has a price-to-earnings ratio that is above its average at 72.52x. The stock has a 36-month beta value of 0.93. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 4 as “overweight,” 7 as “hold,” and 3 as “sell.”
The public float for MMM is 548.87M, and at present, short sellers hold a 1.40% of that float. On August 05, 2024, the average trading volume of MMM was 4.84M shares.
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MMM) stock’s latest price update
The stock of 3M Co. (NYSE: MMM) has decreased by -2.08 when compared to last closing price of 125.24. Despite this, the company has experienced a -2.01% fall in its stock price over the last five trading sessions. fool.com reported 2024-08-05 that Management raised full-year margin and earnings guidance. After years of operational underperformance, new CEO William Brown has an opportunity to improve 3M’s revenue and earnings growth significantly.
MMM’s Market Performance
MMM’s stock has fallen by -2.01% in the past week, with a monthly rise of 21.04% and a quarterly rise of 26.24%. The volatility ratio for the week is 2.87% while the volatility levels for the last 30 days are 2.86% for 3M Co. The simple moving average for the past 20 days is 11.34% for MMM’s stock, with a 35.95% simple moving average for the past 200 days.
Analysts’ Opinion of MMM
Many brokerage firms have already submitted their reports for MMM stocks, with Argus repeating the rating for MMM by listing it as a “Buy.” The predicted price for MMM in the upcoming period, according to Argus is $145 based on the research report published on July 30, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see MMM reach a price target of $150, previously predicting the price at $110. The rating they have provided for MMM stocks is “Buy” according to the report published on July 29th, 2024.
Wolfe Research gave a rating of “Outperform” to MMM, setting the target price at $125 in the report published on June 13th of the current year.
MMM Trading at 17.41% from the 50-Day Moving Average
After a stumble in the market that brought MMM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.67% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +21.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.70% upper at present.
During the last 5 trading sessions, MMM fell by -2.13%, which changed the moving average for the period of 200-days by +62.34% in comparison to the 20-day moving average, which settled at $111.22. In addition, 3M Co. saw 34.18% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MMM starting from Chavez Rodriguez Beatriz Karin, who sale 426 shares at the price of $92.32 back on Feb 14 ’24. After this action, Chavez Rodriguez Beatriz Karin now owns 3,966 shares of 3M Co., valued at $39,330 using the latest closing price.
Stock Fundamentals for MMM
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.44 for the gross margin
The net margin for 3M Co. stands at 0.03. The total capital return value is set at 0.05. Equity return is now at value 17.11, with 2.17 for asset returns.
Based on 3M Co. (MMM), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 3.38. The interest coverage ratio of the stock is 1.29.
Currently, EBITDA for the company is -6.79 billion with net debt to EBITDA at 1.29. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 8.55for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
To sum up, 3M Co. (MMM) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
