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3M (MMM)
NYSE:MMM
3M (MMM) Stock Price & Analysis
11,745 Followers
MMM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$85.35 - $128.03
Previous Close$127.16
Volume32.75M
Average Volume (3M)5.00M
Market Cap
$70.37B
Enterprise Value$73.79B
Total Cash (Recent Filing)$10.34B
Total Debt (Recent Filing)$13.70B
Price to Earnings (P/E)75.2
Beta1.00
Next Earnings
Oct 22, 2024EPS Estimate
$1.95Last Dividend Ex-Date
May 23, 2024Dividend Yield4.1%
Share Statistics
EPS (TTM)1.69
Shares Outstanding553,361,257
10 Day Avg. Volume4,154,346
30 Day Avg. Volume5,004,238
Standard Deviation0.07
R-Squared0.50
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-4.70
Price to Sales (P/S)1.73
Price to Cash Flow (P/CF)18.50
P/FCF Ratio20.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.41
Enterprise Value/Gross Profit5.20
Enterprise Value/Ebitda19.73
Forecast
1Y Price Target
$112.80Price Target Upside-11.29% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering10
3M News
PremiumThe Fly
3M rises 19.1%
Bulls Say, Bears Say
Bulls Say
Earnings3M reported better-than-expected results for 1Q 2024 with EPS up 22% year-over-year.
LeadershipAn important catalyst is the appointment of Bill Brown as CEO, who has a track record for operational nous and improving margins.
Restructuring3M completed the spin-off of 80% of its Healthcare segment, Solventum, which should leave plenty of flexibility to settle legal liabilities and for buybacks.
Bears Say
LiabilityThere are still unknowns, including the potential doubling in the current liability burden.
Market TrendsEnd market trends remain mixed, indicating uncertainty in some of MMM's markets.
Valuation3M merits a valuation discount, in light of anemic growth trend, limited capital optionality and residual liability concerns.
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Ownership Overview
0.53% Insiders
15.48% Mutual Funds
22.65% Other Institutional Investors
61.35% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MMM FAQ
What was 3M’s price range in the past 12 months?
3M lowest stock price was $85.34 and its highest was $128.03 in the past 12 months.
What is 3M’s market cap?
Currently, no data Available
When is 3M’s upcoming earnings report date?
3M’s upcoming earnings report date is Oct 22, 2024 which is in 85 days.
How were 3M’s earnings last quarter?
3M released its earnings results on Jul 26, 2024. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.683 by $0.247.
Is 3M overvalued?
According to Wall Street analysts 3M’s price is currently Overvalued.
Does 3M pay dividends?
3M pays a Quarterly dividend of $0.7 which represents an annual dividend yield of 4.1%. See more information on 3M dividends here
What is 3M’s EPS estimate?
3M’s EPS estimate is $1.95.
How many shares outstanding does 3M have?
3M has 553,361,270 shares outstanding.
What happened to 3M’s price movement after its last earnings report?
3M reported an EPS of $1.93 in its last earnings report, beating expectations of $1.683. Following the earnings report the stock price went up 22.991%.
Which hedge fund is a major shareholder of 3M?
Among the largest hedge funds holding 3M’s share is Mairs & Power Inc. It holds 3M’s shares valued at 24M.
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3M Stock Smart Score
Unlock Smart Score
1
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Analyst Consensus
Moderate Buy
Average Price Target:
$112.80 (-11.29% Downside)
$112.80 (-11.29% Downside)
Blogger Sentiment
Bullish
MMM Sentiment 78%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 598.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 0.8%
Last 30 Days ▼ 0.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
42.49%
12-Months-Change
Fundamentals
Return on Equity
17.11%
Trailing 12-Months
Asset Growth
-11.26%
Trailing 12-Months
Company Description
3M
Founded in 1902, Minnesota-based 3M Company manufactures and sells industrial, safety and consumer products worldwide. It operates through multiple business segments including, Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The company offers its products directly to users and through various e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers.
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MMM Company Deck
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MMM Earnings Call
Q2 2024
0:00 / 0:00
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MMM Net sales Breakdown
33.52% Safety and Industrial
26.01% Transportation and Electronics
25.08% Health Care
15.38% Consumer
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MMM Stock 12 Month Forecast
Average Price Target
$112.80
▼(-11.29% Downside)
Technical Analysis
Best Analysts Covering MMM
1 Year
1 Year Success Rate
10/15 ratings generated profit
1 Year Average Return
+4.81%
assigned a buy rating 2 months ago
Copying Andrew Obin's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +4.81% per trade.
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