Stock To Watch: 3M Company (NYSE:MMM)


The leading market experts have placed a mean price target of $172.00 on 3M Company (NYSE:MMM) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $2.18 a share for the upcoming quarter and $8.25 for the current fiscal. Technical View The technical analysis of 3M Company Common Stock plainly substantiates that the 50-day moving average of 3M Company Common Stock is $168.98, and stock is hovering 2.30 or +1.36% distant from $168.98. It is noted that the 200-day MA is $159.79, and 3M Company Common Stock stock is $11.49 or +7.19% off from this point. 3M Company (NYSE:MMM) 52-week high is $174.15 and the 52-week low is $134.00. This explains if the stock moves $-2.87, it will post a 52-week high. In event of $+27.82% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of 3M Company Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, 3M Company (NYSE:MMM) ratio came in at 22.02. The stock last ended the trading session at $171.28 and registered a market cap of $103.88B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. 3M Company (NYSE:MMM) PEG ratio is at 2.49.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 5 times, 1 visits today)