Analysts Update Their Price Forecasts For 3M Co (MMM)

3M Co (MMM) concluded trading on Wednesday at a closing price of $152.68, with 3.84 million shares of worth about $585.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.56% during that period and on March 26, 2025 the price saw a loss of about -0.53%. Currently the company’s common shares owned by public are about 542.90M shares, out of which, 542.36M shares are available for trading.

Stock saw a price change of -0.35% in past 5 days and over the past one month there was a price change of 4.19%. Year-to-date (YTD), MMM shares are showing a performance of 18.27% which increased to 71.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $85.61 but also hit the highest price of $156.35 during that period. The average intraday trading volume for 3M Co shares is 4.07 million. The stock is currently trading 1.58% above its 20-day simple moving average (SMA20), while that difference is up 2.44% for SMA50 and it goes to 16.87% higher than SMA200.

3M Co (NYSE: MMM) currently have 542.90M outstanding shares and institutions hold larger chunk of about 68.77% of that.

The stock has a current market capitalization of $82.89B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 20.23, while it has posted earnings per share of $7.55 in the same period. Its PEG reads 2.38 and has Quick Ratio of 1.08 while making debt-to-equity ratio of 3.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MMM, volatility over the week remained 1.76% while standing at 2.73% over the month.

Stock’s fiscal year EPS is expected to rise by 6.92% while it is estimated to increase by 9.08% in next year. EPS is likely to grow at an annualized rate of 8.51% for next 5-years, compared to annual growth of -0.67% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on January 22, 2025 offering an Overweight rating for the stock and assigned a target price range of between $140 and $170 to it. Coverage by UBS stated 3M Co (MMM) stock as a Buy in their note to investors on November 13, 2024, suggesting a price target of $184 for the stock. On October 22, 2024, Melius Upgrade their recommendations, while on September 06, 2024, Morgan Stanley Initiated their ratings for the stock with a price target of $125. Stock get a Buy rating from Argus on July 30, 2024.

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