Recent exceptional negative changes in investment behavior have affected 3M Co (NYSE: MMM): the stock’s recent price decline challenged its longer term uptrend, and its longer term price trend turned down.
3M Co (NYSE: MMM) suffers from notable negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MMM is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
3M has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. 3M has a slightly negative Appreciation Score of 38 and a slightly negative Power Rating of 31, resulting in the Negative Value Trend Rating.
Recent Price Action
3M Co (NYSE: MMM) stock closed at $91.03 on 4/5/24 after a modest gain of 0.5%. However, trading volume in this advance was unusually low at 64% of normal. The stock has performed in line with the market over the last nine months and has declined -13.0% during the last week.
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