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3M Company (MMM) stock forecast for 2024
Updated: May 1, 2024 (02:14)
Sector: IndustrialsThe share price of 3M Company (MMM) now
50/200 Day Moving Average: $86.13 / $83.95
This figure corresponds to the Average Price over the previous 50/200 days. For 3M Company stocks, the 50-day moving average is the resistance level today.
For 3M Company stocks, the 200-day moving average is the resistance level today.
Are you interested in 3M Company stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the 3M Company stock price in 2024. How much will one 3M Company share be worth in 2024? Is it worth taking profit / loss on MMM stock now or waiting? What are analysts' forecasts for 3M Company stock?
We forecast 3M Company stock performance using neural networks based on historical data on MMM stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
3M Company stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for 3M Company analysts is $92.5. Today 200 Day Moving Average is the support level (83.95 $). 50 Day Moving Average is the support level (86.13 $).
Historical and forecast chart of 3M Company stock
The chart below shows the historical price of 3M Company stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the MMM stock price can be found in the table below.
Sell or Buy 3M Company (MMM) stocks? Analytic Experts Forecasting...
3M (MMM) Stock Forecast 2024: Navigating Through Challenges and Opportunities
Forecasting the trajectory of 3M (MMM) stocks for the year 2024 involves dissecting a complex web of financial health, market sentiment, and external pressures. The MMM stock has indeed experienced significant volatility, from a brisk ascent from its October 2023 lows to a sharp downturn post-earnings, shedding over 16% from its January 2024 apogee.
The Crucial Factors Influencing MMM Stocks in 2024
Investors are keenly observing how 3M confronts its twofold challenge: patchy financial indicators and hefty legal liabilities. The company’s earnings report and the downward adjustment in future earnings outlook have cast a shadow, compelling discussions around the sustainability of its generous dividend payout, currently enticing at a 6.4% yield. Legal entanglements further muddy the waters, with 3M grappling with approximately $9 billion in remaining liabilities concerning PFAS chemicals and combat arms earplugs issues.
Accurately predicting MMM stock rates for 2024 demands a nuanced understanding of these dynamics. Legal resolutions, or lack thereof, will play a pivotal role. The company’s ability to navigate its legal pitfalls and manage financial health in the face of economic pressures could drive mean-reversion opportunities for the stoic investor. Is MMM a good stock to buy? The answer hinges on one’s appetite for risk and belief in 3M’s resilience and strategic pivots throughout 2024.
In conclusion, while the MMM stock forecast for 2025 and its immediate price target remain speculative, 2024 unfolds as a testament to 3M’s endurance. Investors and analysts alike await keenly, observing if 3M can turn its tribulations into triumphs amidst the swirling uncertainties of the stock market.
3M Company (MMM) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 100.16 | 98.11 | 104.73 | 6.31 % |
| Jun | 101.24 | 97.23 | 103.24 | 5.82 % |
| Jul | 101.67 | 99.71 | 106.55 | 6.41 % |
| Aug | 100.38 | 97.31 | 105.20 | 7.50 % |
| Sep | 95.14 | 90.69 | 96.57 | 6.09 % |
| Oct | 94.52 | 93.38 | 97.52 | 4.25 % |
| Nov | 91.96 | 89.26 | 96.10 | 7.12 % |
| Dec | 92.52 | 89.68 | 96.85 | 7.39 % |
3M Company information and performance
3M CENTER, BLDG. 220-13E-26A, ST PAUL, MN, US
Market capitalization of the 3M Company is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of MMM shares in the company outstanding by the market price of one share.
EBITDA of 3M Company is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
3M Company price target for 2024 by month
Target values for the price of one 3M Company share for May 2024.
In May, the Positive dynamics for 3M Company shares will prevail with possible monthly volatility of 6.312% volatility is expected.
Pessimistic target level: 98.11
Optimistic target level: 104.73
Target values for the price of one 3M Company share for Jun 2024.
In Jun, the Positive dynamics for 3M Company shares will prevail with possible monthly volatility of 5.824% volatility is expected.
Pessimistic target level: 97.23
Optimistic target level: 103.24
Target values for the price of one 3M Company share for Jul 2024.
In Jul, the Positive dynamics for 3M Company shares will prevail with possible monthly volatility of 6.412% volatility is expected.
Pessimistic target level: 99.71
Optimistic target level: 106.55
Target values for the price of one 3M Company share for Aug 2024.
In Aug, the Negative dynamics for 3M Company shares will prevail with possible monthly volatility of 7.500% volatility is expected.
Pessimistic target level: 97.31
Optimistic target level: 105.20
Target values for the price of one 3M Company share for Sep 2024.
In Sep, the Negative dynamics for 3M Company shares will prevail with possible monthly volatility of 6.089% volatility is expected.
Pessimistic target level: 90.69
Optimistic target level: 96.57
Target values for the price of one 3M Company share for Oct 2024.
In Oct, the Negative dynamics for 3M Company shares will prevail with possible monthly volatility of 4.245% volatility is expected.
Pessimistic target level: 93.38
Optimistic target level: 97.52
Target values for the price of one 3M Company share for Nov 2024.
In Nov, the Negative dynamics for 3M Company shares will prevail with possible monthly volatility of 7.120% volatility is expected.
Pessimistic target level: 89.26
Optimistic target level: 96.10
Target values for the price of one 3M Company share for Dec 2024.
In Dec, the Positive dynamics for 3M Company shares will prevail with possible monthly volatility of 7.394% volatility is expected.
Pessimistic target level: 89.68
Optimistic target level: 96.85
3M Company (MMM) stock dividend
3M Company last paid dividends on 02/15/2024. The next scheduled payment will be on 03/12/2024. The amount of dividends is $6 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
