For its third fiscal quarter (ending September 30), 3M Co (NYSE: MMM) has reported E.P.S. of $2.49 compared to $-4.56 a year ago. For the latest four quarters through September 30, E.P.S. were $7.63 versus $-15.34 for the same period a year ago.
Recent Price Action
3M Co (NYSE: MMM) stock declined by -2.3% on 10/22/24. The shares closed at $131.73. Moreover, trading volume in this decline was exceptionally high at 372% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.0% 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 A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. 3M has a neutral Appreciation Score of 59 but a very high Power Rating of 92, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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