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In the latest session, 3M Co. (NYSE: MMM) closed at $134.78 down -0.48% from its previous closing price of $135.43. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 2.49 million shares were traded. MMM stock price reached its highest trading level at $135.58 during the session, while it also had its lowest trading level at $133.8401.
Ratios:
For a deeper understanding of 3M Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.31. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 3.50 whereas as Long-Term Debt/Eq ratio is at 3.12.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on September 06, 2024, initiated with a Underweight rating and assigned the stock a target price of $125.
On July 30, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $145.
Deutsche Bank Upgraded its Hold to Buy on July 29, 2024, whereas the target price for the stock was revised from $110 to $150.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 21 ’24 when Patolawala Monish D bought 14,981 shares for $129.98 per share.
Patolawala Monish D bought 10,000 shares of MMM for $1,268,500 on Aug 20 ’24. On Aug 07 ’24, another insider, Roman Michael F, who serves as the Chairman of the Board of the company, sold 5,675 shares for $123.46 each. As a result, the insider received 700,608 and left with 174,036 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 74041925632 and an Enterprise Value of 77566877696. As of this moment, 3M’s Price-to-Earnings (P/E) ratio for their current fiscal year is 79.69, and their Forward P/E ratio for the next fiscal year is 17.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 18.91. Its current Enterprise Value per Revenue stands at 2.378 whereas that against EBITDA is 10.553.
Stock Price History:
Over the past 52 weeks, MMM has reached a high of $140.72, while it has fallen to a 52-week low of $71.35. The 50-Day Moving Average of the stock is 4.26%, while the 200-Day Moving Average is calculated to be 33.44%.
Shares Statistics:
For the past three months, MMM has traded an average of 4.18M shares per day and 4000470 over the past ten days. A total of 552.58M shares are outstanding, with a floating share count of 548.85M. Insiders hold about 0.09% of the company’s shares, while institutions hold 66.12% stake in the company. Shares short for MMM as of 1726185600 were 8553328 with a Short Ratio of 2.05, compared to 1723680000 on 8720710. Therefore, it implies a Short% of Shares Outstanding of 8553328 and a Short% of Float of 1.5599999999999998.
Dividends & Splits
According to the company, the forward annual dividend rate for MMM is 3.92, from 5.21 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03847006The stock’s 5-year Average Dividend Yield is 4.36.
