As of close of business last night, 3M Co.’s stock clocked out at $104.59, up 1.91% from its previous closing price of $102.63. In other words, the price has increased by $+1.96 from its previous closing price. On the day, 3875692 shares were traded. MMM stock price reached its highest trading level at $104.76 during the session, while it also had its lowest trading level at $102.99.
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Ratios:
To gain a deeper understanding of MMM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.41. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 3.51 whereas as Long-Term Debt/Eq ratio is at 2.85.
On March 19, 2024, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $111 to $126.
Barclays Upgraded its Underweight to Equal Weight on December 04, 2023, whereas the target price for the stock was revised from $98 to $107.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 14 ’24 when Chavez Rodriguez Beatriz Karin sold 426 shares for $92.32 per share. The transaction valued at 39,330 led to the insider holds 3,966 shares of the business.
Ashish Khandpur K sold 9,432 shares of MMM for $936,306 on May 18 ’23. The Group President now owns 20,943 shares after completing the transaction at $99.27 per share. On Apr 28 ’23, another insider, Hammes Eric D., who serves as the EVP & Chief Count Gov Svc Off of the company, sold 6,487 shares for $105.33 each. As a result, the insider received 683,243 and left with 10,430 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MMM now has a Market Capitalization of 57.81B and an Enterprise Value of 68.67B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.77 while its Price-to-Book (P/B) ratio in mrq is 12.02. Its current Enterprise Value per Revenue stands at 2.10 whereas that against EBITDA is -10.16.
Stock Price History:
Over the past 52 weeks, MMM has reached a high of $113.14, while it has fallen to a 52-week low of $85.35. The 50-Day Moving Average of the stock is 97.15, while the 200-Day Moving Average is calculated to be 99.37.
Shares Statistics:
It appears that MMM traded 5.02M shares on average per day over the past three months and 7.87M shares per day over the past ten days. A total of 552.58M shares are outstanding, with a floating share count of 552.10M. Insiders hold about 0.11% of the company’s shares, while institutions hold 67.37% stake in the company. Shares short for MMM as of Feb 29, 2024 were 7.35M with a Short Ratio of 2.52, compared to 6.6M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.33% and a Short% of Float of 1.33%.
Dividends & Splits
With its trailing 12-month dividend rate of 6.00, MMM has a forward annual dividend rate of 6.01. Against a Trailing Annual Dividend Yield of 5.85%, it implies a Forward Annual Dividend Yield of 5.77%. The stock’s 5-year Average Dividend Yield is 4.18. The current Payout Ratio is 58.56% for MMM, which recently paid a dividend on Mar 12, 2024 with an ex-dividend date of Feb 15, 2024. Stock splits for the company last occurred on Sep 30, 2003 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.09 for the current quarter, with a high estimate of $2.19 and a low estimate of $2.03, while EPS last year was $1.97. The consensus estimate for the next quarter is $2.42, with high estimates of $2.56 and low estimates of $2.31.
Analysts are recommending an EPS of between $9.88 and $9.38 for the fiscal current year, implying an average EPS of $9.58. EPS for the following year is $10.19, with 16 analysts recommending between $10.6 and $9.75.
Revenue Estimates
In the current quarter, 10 analysts expect revenue to total $7.64B. It ranges from a high estimate of $7.77B to a low estimate of $7.55B. As of the current estimate, 3M Co.’s year-ago sales were $7.49B, an estimated increase of 2.10% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $8.05B, an increase of 2.30% over than the figure of $2.10% in the same quarter last year. There is a high estimate of $8.16B for the next quarter, whereas the lowest estimate is $7.86B.
A total of 14 analysts have provided revenue estimates for MMM’s current fiscal year. The highest revenue estimate was $32.13B, while the lowest revenue estimate was $31.54B, resulting in an average revenue estimate of $31.87B. In the same quarter a year ago, actual revenue was $31.39B, up 1.50% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $32.93B in the next fiscal year. The high estimate is $33.53B and the low estimate is $31.95B. The average revenue growth estimate for next year is up 3.30% from the average revenue estimate for this year.
