Is MMM a good stock to buy?
In the current month, MMM has received 3 Buy Ratings, 11 Hold Ratings, and 4 Sell Ratings. MMM average Analyst price target in the past 3 months is $106.33.
Is MMM stock a good investment?
The Zacks Consensus Estimate has increased $0.14 to $9.77 per share. MMM boasts an average earnings surprise of 18.5%. With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding MMM to their portfolios.
What is the future of MMM stock?
Stock Price Forecast
The 11 analysts with 12-month price forecasts for 3M Company stock have an average target of 107.18, with a low estimate of 78 and a high estimate of 159.
Is 3M undervalued?
An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 47% Undervalued.
Why is MMM stock so low?
3M (MMM 0.34%) beat earnings expectations for 2023's fourth quarter, but management's outlook for 2024 was well below expectations. In response to the report from the manufacturing giant Tuesday morning, the market -- focused on the future -- sent its shares down.
How safe is 3M dividend?
3M has paid dividends to its shareholders without interruption for more than 100 years driven by its resilient business model. The first quarter dividend reflects the company's continued strong cash flow generation in 2023. The company continues to make good progress on the spin-off of its Health Care business.
Is 3M a buy hold or sell?
3M Company - Hold
Zacks' proprietary data indicates that 3M Company is currently rated as a Zacks Rank 3 and we are expecting an inline return from the MMM shares relative to the market in the next few months.
Is MMM profitable?
MMM has positive Gross Profit for the last twelve months. MMM's ROE (Return on Equity) for the past 12 months is negative and is equal to -72%.
Does 3M have a future?
Future Growth
3M's revenue is forecast to decline at 6.3% per annum while its annual earnings are expected to grow at 56.2% per year. EPS is expected to grow by 56.2% per annum. Return on equity is forecast to be 128.7% in 3 years.
Is 3M a dead stock?
3M (MMM -0.10%) has been viewed as a relatively safe investment for decades thanks to its steadily growing dividend and diversified business. But its share prices have fallen by 21.3% over the past decade as its growth has slowed and its margins have shrunk.
Why is 3M not doing well?
3M faces severe challenges over the coming quarters and years. Free cash flow remains high enough to deal with many problems, including high debt levels, but the company is in its weakest position to do the thing that made it so historically successful: invest heavily in research and development.
Why is 3M stock not doing well?
In recent years, 3M's growth hasn't lived up to historical trends. That's not good and it has investors worried about the future. Adding to that is a broad sense that this once innovative industrial company hasn't been focusing enough on its research and development efforts.
Will 3M survive?
A decline in the valuation multiple for 3M makes sense, given the ongoing issues with the company, but we think investors can use the current dip to enter 3M stock for robust gains in the long run. With the initiatives undertaken, 3M is likely to emerge stronger with better margins and earnings growth from 2025.
Will 3M bounce back?
We estimate 3M's Valuation to be $111 per share, reflecting a 20% upside from its current level of around $90. Our forecast is based on a 12x P/E multiple for MMM and expected earnings of $9.60 on a per-share and adjusted basis for the full year 2024.
Is 3M a good stock to buy 2024?
These industrial stocks are absolutely worth considering currently. 3M (MMM): 3M is a strong contrarian pick at the moment. Caterpillar (CAT): The world's largest construction equipment company continues to be a solid choice.
Why should you invest in 3M?
Upside catalysts abound after the spin
These catalysts could help boost the company's sagging valuation. 3M currently trades at about 11 times earnings, well below the 19 times it fetched five years ago. That low valuation is a big reason 3M currently offers such a high 5.8% dividend yield.
Is 3M dividend safe for long term?
3M has raised its dividend for 64 consecutive years, but with the recent spinoff of its healthcare business, its status as a Dividend Aristocrat could be coming to an end. Dividend Aristocrats are companies that have raised their payouts for at least 25 consecutive years.
Is 3M in debt?
Total debt on the balance sheet as of December 2023 : $16.85 B. According to 3M's latest financial reports the company's total debt is $16.85 B. A company's total debt is the sum of all current and non-current debts.
Where will 3M stock be in 5 years?
3M stock price stood at $91.05
According to the latest long-term forecast, 3M price will hit $100 by the end of 2024 and then $125 by the end of 2025. 3M will rise to $150 within the year of 2027, $200 in 2030 and $250 in 2034.
How is 3M doing financially?
3M Financial Overview
The company's EPS TTM is $-12.628; its P/E ratio is -7.28; and it has a dividend yield of 6.60%. 3M is scheduled to report earnings on April 30, 2024, and the estimated EPS forecast is $1.99.
How often does 3M pay dividends?
Regular payouts for MMM are paid quarterly.
Will MMM stock go up?
MMM Stock 12 Month Forecast
Based on 9 Wall Street analysts offering 12 month price targets for 3M in the last 3 months. The average price target is $106.33 with a high forecast of $140.00 and a low forecast of $78.00. The average price target represents a 15.66% change from the last price of $91.93.
Who is the largest shareholder of 3M?
The Vanguard Group
It's one of the world's largest investment companies. It's currently the largest individual 3M shareholder, owning 47.65 million shares, representing 8.37% of the company, according to ownership data from 3M.
Who are the major shareholders of 3M?
Top Shareholders
The Vanguard Group, Inc. BlackRock, Inc. State Street Global Advisors, Inc. Charles Schwab Investment Management, Inc.
