3M Co (NYSE: MMM) has reported E.P.S. of $1.67 for its first fiscal quarter (ending March 31) versus $1.77 for the same period a year ago — a decline of -6%. This performance was $-0.11 short of the consensus estimate of $1.78. For the latest four quarters through March 31, E.P.S. were $-12.72 compared to $9.68 a year ago — a decline of -231%.
Recent Price Action
3M Co (NYSE: MMM) stock enjoyed a large increase of 4.7% on 4/30/24. The stock closed at $96.51. Moreover, trading volume in this advance was exceptionally high at 302% of normal. The stock has been weak relative to the market over the last nine months but has risen 4.2% during the last week.
Current PriceTarget Research Rating
MMM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
3M has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. 3M has a slightly negative Appreciation Score of 35 and a poor Power Rating of 29, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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