NYSE:MMM

3M - MMM Stock Forecast, Price & News

$113.89

+1.31 (+1.16%)

(As of 01/31/2023 12:13 PM ET)

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Today's Range: $112.38
▼
$113.89
50-Day Range: $112.93
▼
$129.51
52-Week Range: $107.07
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$169.25

Volume: 1.27 million shs
Average Volume: 3.66 million shs
Market Capitalization: $62.95 billion

P/E Ratio: 11.22
Dividend Yield: 5.17%
Price Target: $125.92

Institutional Ownership

3M MarketRank™ Forecast

Analyst Rating: Hold
1.75 Rating Score
Upside/Downside: 11.0% Upside
$125.92 Price Target
Short Interest: Healthy
2.40% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.89
Upright™ Environmental Score
News Sentiment: -0.27
Based on 40 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.37%
From $8.64 to $9.19 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Multi-Sector Conglomerates Sector

8th out of 16 stocks

Surgical & Medical Instruments Industry

39th out of 106 stocks

1.9

Analyst's Opinion

Consensus Rating
3M has received a consensus rating of Hold. The company's average rating score is 1.75, and is based on no buy ratings, 9 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $125.92, 3M has a forecasted upside of 11.0% from its current price of $113.49.
Amount of Analyst Coverage
3M has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.40% of the float of 3M has been sold short.
Short Interest Ratio / Days to Cover
3M has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in 3M has recently decreased by 2.79%, indicating that investor sentiment is improving.

5.0

Dividend Strength

Dividend Leadership
3M is a leading dividend payer. It pays a dividend yield of 5.17%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
3M has been increasing its dividend for 65 years.
Dividend Coverage
The dividend payout ratio of 3M is 58.72%. 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 64.85% next year. This indicates that 3M will be able to sustain or increase its dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
3M has received a 22.26% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Dental health products", "Safety goggles", and "Protective clothing" products. See details.
Environmental Sustainability
The Environmental Impact score for 3M is -2.89.

2.1

News and Social Media Coverage

News Sentiment
3M has a news sentiment score of -0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Multi-Sector Conglomerates companies.
News Coverage This Week
MarketBeat has tracked 40 news articles for 3M this week, compared to 4 articles on an average week.
Search Interest
288 people have searched for MMM on MarketBeat in the last 30 days. This is an increase of 129% compared to the previous 30 days.
MarketBeat Follows
84 people have added 3M to their MarketBeat watchlist in the last 30 days. This is an increase of 68% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, 3M insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.39% of the stock of 3M is held by insiders.
Percentage Held by Institutions
65.61% of the stock of 3M is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for 3M are expected to grow by 6.37% in the coming year, from $8.64 to $9.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of 3M is 11.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of 3M is 11.18, which means that it is trading at a more expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 5.45.
Price to Earnings Growth Ratio
3M has a PEG Ratio of 1.40. 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 4.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About 3M (NYSE:MMM) Stock

3M Co. is a technology company, which manufactures industrial, safety, and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, Consumer, and Corporate and Unallocated. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment includes electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Consumer segment covers consumer healthcare, home care, home improvement, and stationery and office products, such as consumer bandages, braces, supports, respirators, cleaning products, retail abrasives, picture hanging, and consumer air quality solutions. The Corporate and Unallocated segment refers to special it

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