For its second fiscal quarter (ending June 30), 3M Co (NYSE: MMM) has reported E.P.S. of $2.17 compared to $-12.94 a year ago. For the latest four quarters through June 30, E.P.S. were $1.40 versus $-3.99 for the same period a year ago.
Recent Price Action
3M Co (NYSE: MMM) stock enjoyed a major increase of 23.0% on 7/26/24. The shares closed at $127.16. Moreover, exceptionally high trading volume at 696% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 22.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, MMM is expected to continue to be a major Value Builder.
3M has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. 3M has a neutral Power Rating of 41 but a poor Appreciation Score of 28, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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