NYSE:MMM

3M Stock Forecast, Price & News

$160.27

-0.15 (-0.09 %)

(As of 09/25/2020 12:00 AM ET)

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Today's Range

$158.86

Now: $160.27▼

$160.98

50-Day Range

$151.21

MA: $164.02▼

$172.38

52-Week Range

$114.04

Now: $160.27▼

$182.54

Volume1.95 million shs

Average Volume3.70 million shs

Market Capitalization$92.32 billion

P/E Ratio18.17

Dividend Yield3.67%

Beta0.97

3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products. Its Safety and Graphics segment provides personal protection and transportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, fall protection products, self-contained breathing apparatus systems, and gas and flame detection instruments. The company's Health Care segment offers medical and surgical supplies, skin health and infection prevention products, drug delivery and health information systems, dental and orthodontic products, and food safety products. Its Electronics and Energy segment provides optical films, packaging and interconnection devices, insulating and splicing solutions, touch screens and monitors, renewable energy component solutions, and infrastructure protection products. The company's Consumer segment offers consumer and office tapes and adhesives, repositionable notes, indexing systems, home improvement products, furnace filters, painter tapes, mounting and home care products, sponges, scouring pads, high-performance clothes, protective material products, and adhesive bandages and braces. It also provides cloud-based, conversational artificial intelligence-powered systems. It serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
3M has received a consensus rating of Hold. The company's average rating score is 1.92, and is based on 2 buy ratings, 7 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $169.00, 3M has a forecasted upside of 5.4% from its current price of $160.27.
Amount of Analyst Coverage
3M has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
3M has received 848 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
3M has received 898 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
3M has received 51.43% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about 3M and other stocks. Vote “Outperform” if you believe MMM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MMM will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
3M pays a meaningful dividend of 3.67%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
3M has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of 3M is 64.62%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, 3M will have a dividend payout ratio of 65.77% next year. This indicates that 3M will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, 3M insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $367,197.00 in company stock.
Percentage Held by Insiders
Only 0.42% of the stock of 3M is held by insiders.
Percentage Held by Institutions
64.57% of the stock of 3M is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for 3M are expected to grow by 8.36% in the coming year, from $8.25 to $8.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of 3M is 18.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of 3M is 18.17, which means that it is trading at a less expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 22.33.
Price to Earnings Growth Ratio
3M has a PEG Ratio of 2.15. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
3M has a P/B Ratio of 9.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.95 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Surgical & medical instruments

Sub-IndustryIndustrial Conglomerates

SectorMulti-Sector Conglomerates

Current SymbolNYSE:MMM

Previous Symbol

CUSIP88579Y10

CIK66740

Webwww.3m.com

Phone651-733-1110

Debt

Debt-to-Equity Ratio1.77

Current Ratio1.94

Quick Ratio1.36

Price-To-Earnings

Trailing P/E Ratio18.17

Forward P/E Ratio19.43

P/E Growth2.15

Sales & Book Value

Annual Sales$32.14 billion

Price / Sales2.87

Cash Flow$11.44 per share

Price / Cash Flow14.01

Book Value$17.61 per share

Price / Book9.10

Profitability

EPS (Most Recent Fiscal Year)$9.10

Net Income$4.57 billion

Net Margins16.38%

Return on Equity46.86%

Return on Assets11.03%

Miscellaneous

Employees96,163

Outstanding Shares576,019,000

Market Cap$92.32 billion

Next Earnings Date10/22/2020 (Estimated)

OptionableOptionable

$160.27

-0.15 (-0.09 %)

(As of 09/25/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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3M (NYSE:MMM) Frequently Asked Questions

How has 3M's stock price been impacted by Coronavirus (COVID-19)?

3M's stock was trading at $147.24 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MMM shares have increased by 8.8% and is now trading at $160.27.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of 3M?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last year. There are currently 3 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for 3M.

When is 3M's next earnings date?

3M is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for 3M.

How were 3M's earnings last quarter?

3M Co (NYSE:MMM) posted its quarterly earnings data on Tuesday, July, 28th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.77 by $0.01. The conglomerate had revenue of $7.18 billion for the quarter, compared to analyst estimates of $7.29 billion. 3M had a net margin of 16.38% and a return on equity of 46.86%. The company's revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 earnings per share.
View 3M's earnings history.

How often does 3M pay dividends? What is the dividend yield for 3M?

3M announced a quarterly dividend on Thursday, August 13th. Investors of record on Monday, August 24th will be paid a dividend of $1.47 per share on Saturday, September 12th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Friday, August 21st.
View 3M's dividend history.

How will 3M's stock buyback program work?

3M announced that its Board of Directors has initiated a share repurchase program on Tuesday, November 13th 2018, which permits the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its stock is undervalued.

What guidance has 3M issued on next quarter's earnings?

3M updated its third quarter 2020 Pre-Market earnings guidance on Tuesday, September, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.2-8.3 billion, compared to the consensus revenue estimate of $8.01 billion.

What price target have analysts set for MMM?

12 brokers have issued 12-month target prices for 3M's shares. Their forecasts range from $157.00 to $197.00. On average, they anticipate 3M's stock price to reach $169.00 in the next twelve months. This suggests a possible upside of 5.4% from the stock's current price.
View analysts' price targets for 3M.

Are investors shorting 3M?

3M saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,540,000 shares, a decline of 28.1% from the August 31st total of 7,710,000 shares. Based on an average trading volume of 2,580,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.0% of the company's shares are short sold.
View 3M's Short Interest.

Who are some of 3M's key competitors?

Some companies that are related to 3M include Stryker (SYK), Becton Dickinson and (BDX), Boston Scientific (BSX), Baxter International (BAX), DexCom (DXCM), FRESENIUS SE &/S (FSNUY), ResMed (RMD), Teleflex (TFX), Insulet (PODD), ABIOMED (ABMD), Novocure (NVCR), Penumbra (PEN), Tandem Diabetes Care (TNDM), Irhythm Technologies (IRTC) and Hill-Rom (HRC).
View all competitors.

What other stocks do shareholders of 3M own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 3M investors own include Johnson & Johnson (JNJ), AT&T (T), Intel (INTC), Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Exxon Mobil (XOM) and Pfizer (PFE).

Who are 3M's key executives?

3M's management team includes the following people:

Mr. Inge G. Thulin, Exec. Chairman (Age 65)
Mr. Michael F. Roman, CEO & Director (Age 59)
Mr. Nicholas C. Gangestad, Sr. VP & CFO (Age 54)
Mr. Ippocratis Vrohidis, VP, Corp. Controller & Chief Accounting Officer (Age 52)
Dr. John P. Banovetz, Sr. VP of R&D & CTO (Age 51)

What is 3M's stock symbol?

3M trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMM."

Who are 3M's major shareholders?

3M's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.98%), BlackRock Inc. (6.51%), Bank of New York Mellon Corp (1.24%), Charles Schwab Investment Management Inc. (1.22%), Fisher Asset Management LLC (0.77%) and FMR LLC (0.52%). Company insiders that own 3M stock include David B Dillon, Eric D Hammes, Gregory R Page, Inge G Thulin, Ippocratis Vrohidis, James L Bauman, Joaquin Delgado, John Patrick Banovetz, Jon T Lindekugel, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, Nicholas C Gangestad, Paul A Keel and Ty R Silberhorn.
View institutional ownership trends for 3M.

Which major investors are selling 3M stock?

MMM stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., Advisor Group Holdings Inc., Nordea Investment Management AB, Two Sigma Advisers LP, Cooke & Bieler LP, First Eagle Investment Management LLC, and American International Group Inc.. Company insiders that have sold 3M company stock in the last year include Eric D Hammes, John Patrick Banovetz, Julie L Bushman, Khandpur K Ashish, Michael F Roman, Michael G Vale, and Ty R Silberhorn.
View insider buying and selling activity for 3M.

Which major investors are buying 3M stock?

MMM stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Federated Hermes Inc., Bank of New York Mellon Corp, FMR LLC, First Trust Advisors LP, Charles Schwab Investment Management Inc., Prudential Financial Inc., and Assenagon Asset Management S.A.. Company insiders that have bought 3M stock in the last two years include David B Dillon, and Gregory R Page.
View insider buying and selling activity for 3M.

How do I buy shares of 3M?

Shares of MMM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is 3M's stock price today?

One share of MMM stock can currently be purchased for approximately $160.27.

How big of a company is 3M?

3M has a market capitalization of $92.32 billion and generates $32.14 billion in revenue each year. The conglomerate earns $4.57 billion in net income (profit) each year or $9.10 on an earnings per share basis. 3M employs 96,163 workers across the globe.

What is 3M's official website?

The official website for 3M is www.3m.com.

How can I contact 3M?

3M's mailing address is 3M CENTER BLDG. 220-11W-02, ST PAUL MN, 55144. The conglomerate can be reached via phone at 651-733-1110.

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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