3M Co (NYSE: MMM)’s stock price has increased by 1.48 compared to its previous closing price of 128.42. However, the company has seen a 0.12% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-25 that I reiterate 3M a hold due to its fair valuation near $130 per share and mixed technical indicators. Despite a strong mid-year rally and solid Q3 earnings, MMM’s growth prospects and valuation multiples remain modest. Key risks include potential margin pressures, supply chain issues, and global GDP growth weakness, which could impact future performance.
Is It Worth Investing in 3M Co (NYSE: MMM) Right Now?
3M Co (NYSE: MMM) has a price-to-earnings ratio of 16.46x that is above its average ratio. Additionally, the 36-month beta value for MMM is 0.93. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 7 rating it as “hold,” and 3 rating it as “sell.”
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The public float for MMM is 544.05M and currently, short sellers hold a 1.29% ratio of that float. The average trading volume of MMM on November 26, 2024 was 3.57M shares.
MMM’s Market Performance
MMM stock saw an increase of 0.12% in the past week, with a monthly gain of 4.46% and a quarterly increase of -0.82%. The volatility ratio for the week is 1.54%, and the volatility levels for the last 30 days are 1.95% for 3M Co (MMM). The simple moving average for the last 20 days is 0.42% for MMM stock, with a simple moving average of 18.88% for the last 200 days.
Analysts’ Opinion of MMM
Many brokerage firms have already submitted their reports for MMM stocks, with UBS repeating the rating for MMM by listing it as a “Buy.” The predicted price for MMM in the upcoming period, according to UBS is $184 based on the research report published on November 13, 2024 of the current year 2024.
Morgan Stanley gave a rating of “Underweight” to MMM, setting the target price at $125 in the report published on September 06th of the current year.
MMM Trading at -1.63% 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 -7.80% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares surge +0.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.19% lower at present.
During the last 5 trading sessions, MMM rose by +0.12%, which changed the moving average for the period of 200-days by +68.34% in comparison to the 20-day moving average, which settled at $129.77. In addition, 3M Co saw 42.58% 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 Reinseth Theresa E, who sale 1,033 shares at the price of $127.71 back on Nov 20 ’24. After this action, Reinseth Theresa E now owns 4,388 shares of 3M Co, valued at $131,925 using the latest closing price.
Theresa E. Reinseth, the Officer of 3M Co, proposed sale 1,033 shares at $127.71 during a trade that took place back on Nov 20 ’24, which means that Theresa E. Reinseth is holding shares at $131,925 based on the most recent closing price.
Stock Fundamentals for MMM
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.43 for the gross margin
The net margin for 3M Co stands at 0.15. The total capital return value is set at 0.18. Equity return is now at value 95.53, with 9.83 for asset returns.
Based on 3M Co (MMM), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 2.84. The interest coverage ratio of the stock is 3.94.
Currently, EBITDA for the company is -6.75 billion with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The receivables turnover for the company is 8.1for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
In conclusion, 3M Co (MMM) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
