Why did 3M stock go down?
3M Company's automotive and electronics business is getting impacted by chip shortages while the whole company is facing headwinds from rising freight and raw material costs as well as supply chain disruptions.
Is 3M stock a good buy?
MMM has a C grade for Value, which is in sync with its 5.20x forward P/B, which is 105.5% higher than the 2.53x industry average. MMM is ranked #48 out of 78 stocks in the B-rated Industrial - Machinery industry. Click here to access MMM's Growth, Momentum, Stability, Sentiment, and quality ratings.
Is 3M a buy sell or hold?
3M has received a consensus rating of Hold. The company's average rating score is 1.73, and is based on 1 buy rating, 9 hold ratings, and 5 sell ratings.
Will 3M stock go up?
The 17 analysts offering 12-month price forecasts for 3M Co have a median target of 157.00, with a high estimate of 194.00 and a low estimate of 118.00. The median estimate represents a +19.87% increase from the last price of 130.97.
Is MMM a long term buy?
The company's long term revenue and margin growth outlook are solid and most of the near term headwinds like supply chain disruptions, inflation, and Chinese shutdowns it is facing are transitory in nature. So, I believe the stock is a good buy for long term investors who can look beyond these headwinds.
Is 3M a good long term investment?
3M Co's trailing 12-month revenue is $35.3 billion with a 15.8% profit margin. Year-over-year quarterly sales growth most recently was -0.2%. Analysts expect adjusted earnings to reach $10.808 per share for the current fiscal year. 3M Co currently has a 4.4% dividend yield.
Is 3M a good stock to buy 2022?
3M's current payout ratio is 58%. This means it paid out 58% of its trailing 12-month EPS as dividend. MMM is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2022 is $10.26 per share, which represents a year-over-year growth rate of 1.38%.
What is the highest 3M stock has ever been?
The all-time high 3M stock closing price was 258.63 on January 26, 2018.
Is 3M a good stock to buy Zacks?
How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows