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3M (MMM)
NYSE:MMM
3M (MMM) Stock Price & Analysis
11,592 Followers
MMM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$68.62 - $105.31
Previous Close$100.61
Volume2.29M
Average Volume (3M)4.72M
Market Cap
$55.67B
Enterprise Value$66.93B
Total Cash (Recent Filing)$10.97B
Total Debt (Recent Filing)$22.16B
Price to Earnings (P/E)―
Beta1.08
Next Earnings
Jul 23, 2024EPS Estimate
$1.67Last Dividend Ex-Date
May 23, 2024Dividend Yield5.1%
Share Statistics
EPS (TTM)-12.72
Shares Outstanding553,361,257
10 Day Avg. Volume4,154,346
30 Day Avg. Volume4,717,017
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/Revenue2.05
Enterprise Value/Gross Profit4.71
Enterprise Value/Ebitda-9.55
Forecast
1Y Price Target
$111.60Price Target Upside9.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
3M News
Bulls Say, Bears Say
Bulls Say
Financial Performance3M reported better-than-expected results for 1Q 2024 with EPS up 22% year-over-year.
LeadershipNew CEO Bill Brown brings The Right Stuff to 3M, giving more confidence in the medium term EPS outlook.
ValuationValuation is steeply discounted, even with significant liability, leaving attractive upside to the new $125 YE24 target.
Bears Say
Financial PerformanceQ423 earnings led to a sharp pull-back in MMM's share price.
Liability ConcernsPotential personal injury litigation overhang could continue to weigh on MMM.
Market TrendsEnd market trends remain mixed, indicating uncertainty in some of MMM's markets.
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Ownership Overview
0.53% Insiders
15.24% Mutual Funds
19.66% Other Institutional Investors
64.57% 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 $68.62 and its highest was $105.31 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 Jul 23, 2024 which is in 20 days.
How were 3M’s earnings last quarter?
3M released its earnings results on Apr 30, 2024. The company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.099 by $0.291.
Is 3M overvalued?
According to Wall Street analysts 3M’s price is currently Undervalued.
Does 3M pay dividends?
3M pays a Quarterly dividend of $0.7 which represents an annual dividend yield of 5.1%. See more information on 3M dividends here
What is 3M’s EPS estimate?
3M’s EPS estimate is $1.67.
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 $2.39 in its last earnings report, beating expectations of $2.099. Following the earnings report the stock price went up 4.72%.
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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10
Analyst Consensus
Moderate Buy
Average Price Target:
$111.60 (9.82% Upside)
$111.60 (9.82% Upside)
Blogger Sentiment
Bullish
MMM Sentiment 76%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 598.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 2.4%
Last 30 Days ▼ 2.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
26.88%
12-Months-Change
Fundamentals
Return on Equity
-69.86%
Trailing 12-Months
Asset Growth
17.82%
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
Q1 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
$111.60
▲(9.82% Upside)
Technical Analysis
Best Analysts Covering MMM
1 Year
1 Year Success Rate
9/15 ratings generated profit
1 Year Average Return
+3.05%
assigned a buy rating 23 days ago
Copying Andrew Obin's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +3.05% per trade.
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