3M Co (NYSE:MMM) does about 4.03M shares in volume on a normal day but saw 2706448 shares change hands in the recent trading day. The company now has a market cap of 78.79B USD. Its current market price is $146.40, marking a decrease of -1.31% compared to the previous close of $148.35. The 52 week high reached by this stock is $156.35 whilst the lowest price level in 52 weeks is $97.42. The script in recent trading has seen the stock touch a high of $190 and a low of $100.
16 analysts observing the 3M Co (MMM) stock have set the 12-month price targets for the company’s shares at between $100 and $190. The consensus objective for the share price is $158.13, suggesting that the stock has a potential upside of 7.42% over the period. The median price target is 1.08% away from the current levels at $148.
FactSet Research has provided data showing that 16 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 6 analysts have rated it as a buy and 9 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 22, 2025 when Wells Fargo upgraded the stock to “Overweight” and issued a price target of between $140 and $170. UBS also upgraded the stock to “Buy” from Neutral on November 13, 2024 at a price target of $184.
The current price level is -0.73%, 2.72%, and 5.92% away from its SMA20, SMA50, and SMA200 respectively, with the MMM price moving above the 50-day SMA on current market day. 3M Co (MMM) stock is down -0.83% over the week and 6.16% over the past month. Its price is 13.41% year-to-date and 50.06% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 2.01 and 7.67 for whole year. Expected sales for next quarter are $6.16B, which analysts say will come at $23.99B for the current fiscal year and next year at $24.66B. In addition, estimates put the company’s current quarterly revenue at an average of $6.09B.
Its 12-month price target is $148. To reach the target analysts have set, the stock logically needs to grow 7.42 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $100, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $190.
Outstanding shares total 538.18M with insiders holding 0.12% of the shares and institutional holders owning 73.85% of the company’s common stock. The company has a return on investment of 25.38% and return on equity of 94.75%. The price to earnings ratio (P/E ratio) amounts to 18.49 while the forward price to earnings ratio is 17.50. The beta has a value of 1.01. Price to book ratio is 17.65 and price to sales ratio is 3.21.
