While 3M Co has underperformed by -0.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MMM rose by 96.47%, with highs and lows ranging from $155.00 to $75.65, whereas the simple moving average jumped by 24.70% in the last 200 days.
On January 22, 2025, Wells Fargo Upgraded 3M Co (NYSE: MMM) to Overweight. A report published by UBS on November 13, 2024, Upgraded its rating to ‘Buy’ for MMM. Morgan Stanley Initiated an Underweight rating on September 06, 2024, and assigned a price target of $125. Argus July 30, 2024d its ‘Hold’ rating to ‘Buy’ for MMM, as published in its report on July 30, 2024. Deutsche Bank’s report from July 29, 2024 suggests a price prediction of $150 for MMM shares, giving the stock a ‘Buy’ rating. Wolfe Research also rated the stock as ‘Outperform’.
Analysis of 3M Co (MMM)
A return on investment can be expected regardless of MMM’s performance over the next quarter with the dividend set at $3.61 per share. Further, the quarter-over-quarter decrease in sales is -25.00%, showing a negative trend in the upcoming months.
To gain a thorough understanding of 3M Co’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 97.86% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.08, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MMM is recording an average volume of 3.52M. On a monthly basis, the volatility of the stock is set at 2.13%, whereas on a weekly basis, it is put at 1.94%, with a loss of -1.35% over the past seven days. Furthermore, long-term investors anticipate a median target price of $160.07, showing growth from the present price of $152.32, which can serve as yet another indication of whether MMM is worth investing in or should be passed over.
How Do You Analyze 3M Co Shares?
A leading company in the Conglomerates sector, 3M Co (MMM) is based in the USA. When comparing 3M Co shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 20.18, there is a growth in quarterly earnings of -21.68%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.09%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 68.77% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MMM shares are owned by institutional investors to the tune of 68.77% at present.
