3M Company (MMM) stock forecast for 2024. Forecast tables and graphs.

3M Company (MMM) stock forecast for 2024

Last update: October 1, 2022 (08:15)

Sector: Industrials

The share price of 3M Company (MMM) now

What analysts predict:: $141.66

52-week high/low: $179.36 / $110.4

50/200 Day Moving Average: $131.98 / $146.96

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 3M Company 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 3M Company stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

The 3M Company 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 $141.66.

Today 200 Day Moving Average is the resistance level (146.96 $).

50 Day Moving Average is the resistance level (131.98 $).



Fresh insight into 3M Company stock

View all analytics

Further Downside Ahead For 3M?

Further Downside Ahead For 3M?
September 29, 2022

Summary The challenging macroeconomic environment, including larger than expected FX headwinds, keeps negatively impacting 3M’s financial performance. The full year guidance for 2022 has been downward revised, significantly. While 3M … Read more

September Dogs Of The Dow: Chevron’s 3.5% Is Better Than 3M’s 5.1%

September Dogs Of The Dow: Chevron’s 3.5% Is Better Than 3M’s 5.1%
September 17, 2022

Summary The Dogs of the Dow investing method provides a systematic process to pick the best combination of value and quality among blue-chip stocks. 3M and Chevron are currently the … Read more



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 3M Company stock price can be found in the table below.

3M Company (MMM) Forecast for 2024

Month Target Pes. Opt. Vol., %
Jan 129.35 124.46 134.86 7.71 %
Feb 135.01 129.99 141.17 7.92 %
Mar 140.76 136.46 145.33 6.10 %
Apr 147.52 144.16 154.25 6.54 %
May 144.69 141.56 148.25 4.51 %
Jun 144.43 139.92 147.98 5.45 %
Jul 138.10 136.36 142.99 4.64 %
Aug 134.62 130.83 140.28 6.74 %
Sep 129.78 125.10 133.20 6.08 %
Oct 136.24 129.70 138.94 6.65 %
Nov 132.31 127.00 134.38 5.49 %
Dec 128.35 122.26 132.04 7.41 %

3M Company information and performance

3M Co. operates in the markets of electronics, telecommunications, industrial equipment, consumer and office goods, as well as in the field of health care, security, etc. The corporation’s enterprises perform technological and production functions, own brands, marketing channels and other resources.

Official site of the company

3M Company Address

3M CENTER, BLDG. 220-13E-26A, ST PAUL, MN, US

Market Capitalization: 62 170 857 000 $

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.

EBITDA: 8 615 999 000 $

EBITDA is earnings before interest, income tax and depreciation of assets.

PE Ratio: 15.68

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.769

Price/earnings to growth

DPS: 5.94

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.

DY: 0.0527

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 7.16

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.947

Quarterly Revenue Growth YOY: -0.028

Trailing PE: 15.68

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 PE: 10.36

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 2.186

Enterprise Value (EV) /Revenue

EV To EBITDA: 10.41

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 553614000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A

Percent Insiders: N/A

Percent Institutions: N/A

3M Company price target for 2021 by month


Target values for the price of one 3M Company share for Jan 2024.

The weighted average target price per 3M Company share in Jan 2024 is: 129.35. In Jan, the positive dynamics for Momo shares will prevail with possible monthly volatility of 7.711% volatility is expected.

Pessimistic target level: 124.46

Optimistic target level: 134.86


Target values for the price of one 3M Company share for Feb 2024.

The weighted average target price per 3M Company share in Feb 2024 is: 135.01. In Feb, the positive dynamics for Momo shares will prevail with possible monthly volatility of 7.919% volatility is expected.

Pessimistic target level: 129.99

Optimistic target level: 141.17


Target values for the price of one 3M Company share for Mar 2024.

The weighted average target price per 3M Company share in Mar 2024 is: 140.76. In Mar, the positive dynamics for Momo shares will prevail with possible monthly volatility of 6.102% volatility is expected.

Pessimistic target level: 136.46

Optimistic target level: 145.33


Target values for the price of one 3M Company share for Apr 2024.

The weighted average target price per 3M Company share in Apr 2024 is: 147.52. In Apr, the positive dynamics for Momo shares will prevail with possible monthly volatility of 6.541% volatility is expected.

Pessimistic target level: 144.16

Optimistic target level: 154.25


Target values for the price of one 3M Company share for May 2024.

The weighted average target price per 3M Company share in May 2024 is: 144.69. In May, the negative dynamics for Momo shares will prevail with possible monthly volatility of 4.509% volatility is expected.

Pessimistic target level: 141.56

Optimistic target level: 148.25


Target values for the price of one 3M Company share for Jun 2024.

The weighted average target price per 3M Company share in Jun 2024 is: 144.43. In Jun, the negative dynamics for Momo shares will prevail with possible monthly volatility of 5.446% volatility is expected.

Pessimistic target level: 139.92

Optimistic target level: 147.98


Target values for the price of one 3M Company share for Jul 2024.

The weighted average target price per 3M Company share in Jul 2024 is: 138.10. In Jul, the negative dynamics for Momo shares will prevail with possible monthly volatility of 4.636% volatility is expected.

Pessimistic target level: 136.36

Optimistic target level: 142.99


Target values for the price of one 3M Company share for Aug 2024.

The weighted average target price per 3M Company share in Aug 2024 is: 134.62. In Aug, the negative dynamics for Momo shares will prevail with possible monthly volatility of 6.737% volatility is expected.

Pessimistic target level: 130.83

Optimistic target level: 140.28


Target values for the price of one 3M Company share for Sep 2024.

The weighted average target price per 3M Company share in Sep 2024 is: 129.78. In Sep, the negative dynamics for Momo shares will prevail with possible monthly volatility of 6.080% volatility is expected.

Pessimistic target level: 125.10

Optimistic target level: 133.20


Target values for the price of one 3M Company share for Oct 2024.

The weighted average target price per 3M Company share in Oct 2024 is: 136.24. In Oct, the positive dynamics for Momo shares will prevail with possible monthly volatility of 6.648% volatility is expected.

Pessimistic target level: 129.70

Optimistic target level: 138.94


Target values for the price of one 3M Company share for Nov 2024.

The weighted average target price per 3M Company share in Nov 2024 is: 132.31. In Nov, the negative dynamics for Momo shares will prevail with possible monthly volatility of 5.495% volatility is expected.

Pessimistic target level: 127.00

Optimistic target level: 134.38


Target values for the price of one 3M Company share for Dec 2024.

The weighted average target price per 3M Company share in Dec 2024 is: 128.35. In Dec, the negative dynamics for Momo shares will prevail with possible monthly volatility of 7.407% volatility is expected.

Pessimistic target level: 122.26

Optimistic target level: 132.04




3M Company (MMM) stock dividend

3M Company last paid dividends on 08/19/2022. The next scheduled payment will be on 09/12/2022. The amount of dividends is $5.94 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

Last Split Factor:


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.


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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.