3M Company Stock Buy or Sell? MMM Stocks Forecast

Market Capitalization: 54 718 046 000 $
EBITDA: 7 433 000 000 $
Price to Earnings: None
Quarterly Earnings Growth YOY: -0.221
Quarterly Revenue Growth YOY: -0.036
Trailing PE: -
Forward PE: 11.92
Shares Outstanding: 552317000

3M Company Stock Buy or Sell? MMM Stocks Analytic Forecasts

Updated on December 8, 2023 (08:11)

3M Company (MMM prediction charts) Sector: Industrials

We present you the most up-to-date and complete review of analytical trend forecasts and views on the MMM stock market. Experts share their opinions on what to expect from the 3M Company stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell 3M Company stocks.

3M Company Stock Market Experts’ Analysis and Forecasting – Sell or Buy MMM Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of JR Research and is titled

“3M: The Tide Has Turned For A Much-Needed Recovery (Rating Upgrade)”

is published on December 3 (2023) and has 1 likes. The review predicts Bullish market trend.

It summarize the following theses:

  • 3M Company stock’s underperformance stunned its investors as MMM took out looks last seen in 2012. I was concerned about it being a value trap previously, given its significant underperformance.
  • My current assessment suggests that the worst could be over for 3M as investors anticipate its legal woes may have reached a nadir.
  • The company’s spin-off of its healthcare business and improved earnings guidance suggest a potential business recovery amid material undervaluation.
  • MMM’s price action suggests those who wanted to sell have likely sold. With MMM’s dip-buyers returning in November, I argue why it’s timely for investors to load up.

The author starts his analytic review with the following:

3M Company (NYSE:MMM) has performed according to my expectations since my previous update (Hold/Market Perform rating) in early October. I updated 3M investors that the MMM is in a long-term downtrend. As a result, it could turn out to be a value trap if buying sentiments don’t suggest a robust bottom, underpinning the market’s confidence in its reversal. However, MMM’s recent developments suggest that it could finally change.

This author is very popular among the auditory. He has 30054 followers

JR Research is the contributor of experts community since 2021 and has a great number of published articles – 1838.

One more noteworthy article is written by Giesbers Investment Strategy under the title

“3M: 6% Dividend Yield And 11x P/E Are Not Worth The Legal Risks”

on December 2 (2023) and has 0 likes. The expert reflects Neutral trend of the market.

Нis theses make you think about whether to add MMM stocks to your investment portfolio or not, and helps to work out your own 3M Company stock selling strategies:

  • 3M has faced numerous controversies and lawsuits, while its stock lost half of its value in the past 2.5 years.
  • The company’s dividend yield is currently over 6%, but its lack of growth and litigation risks make it unattractive for investment.
  • Two recent settlements already amount to a total of $15.8B of costs for 3M, about thrice the company’s annual operating income.
  • The pattern of lawsuits and potential for more allegations pose significant risks for investors.

Giesbers Investment Strategy starts analysis with such words:

Lately, 3M Company (NYSE:MMM) seems to have been in the news continuously for all the wrong reasons: lawsuits over ‘forever chemicals’, lawsuits over military earplugs, lawsuits over water pollution. While the company has been able to deflect or settle some of these allegations, its stock has suffered, losing about half of its value over the last 2.5 years. At the same time, the company kept steadily growing its dividend and currently yields north of 6%. In this article, I will show you why I believe 3M is not worth the risk investing in at this moment, even though its current valuation looks modest.

Giesbers Investment Strategy has already 2569 followers, which shows, he is the one who cares for his words.
The contributor of experts community since 2017. Has published at least 90 articles.

Another analysis presented by Millennial Dividends came out on November 30 (2023). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for MMM stocks. It sounds like

“3M: Time To Load Up On This 6.1% Yield”

Article has got 3 likes at the moment and forecasting Bullish trend of the market.

Summarizing the information presented in the review concerning the 3M Company, the expert says the following:

  • 3M’s stock has faced significant pressure since 2020 following the Earplug Lawsuit, erasing all gains made in the past decade.
  • The litigation drove the stock to trade at levels not seen since the Financial Crisis, offering an attractive valuation at 10.28x its earnings.
  • The $6 billion settlement of the Earplug lawsuit should signify a new chapter for the company, potentially paving the way for recovery in 2024.
  • 3M remains a secure income vehicle for retirees with a 6.1% yield.
  • The stock is currently trading at approximately an 18% discount to its fair value, with a 2024 price target of $118.

And here, what comes first:

3M (NYSE:MMM) is a company that needs little introduction. With an expansive portfolio boasting over 60,000 products, 3M stands as a global conglomerate. Whether you’re in America, Europe, or anywhere else, chances are you’ve interacted with their ubiquitous products like the widely used Post-It Sticky Notes, reliable Scotch Tape, or the convenient Command Hooks tailored for wall-friendly item hanging.

Millennial Dividends has already 854 followers, which shows, he is the one who cares for his words.
The contributor of experts community since 2023. Has already 36 analytic reviews published.

The Share Price of 3M Company (MMM) for now

What analysts predict: $113.69
52-week high/low: $122.61 / $84.03

50/200 Day Moving Average: $92.16 / $100.56

The average stock price over the previous 50/200 days. For 3M Company stocks, the 50-day moving average is the resistance level for now. For MMM stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for MMM stock with charts and tables

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