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Investor Insights

This summary was created by AI, based on 16 opinions in the last 12 months.

Experts have mixed opinions on 3M Co.'s stock. Some believe that the worst is behind them after settling lawsuits, cutting costs, and with the change in CEOs, while others are concerned about ongoing legal issues and the company's future outlook. There is also discussion about the potential for long-term investment but with short-term concerns. The stock is seen as offering a high dividend yield but is also facing challenges related to product liabilities and lawsuits.

Consensus
Mixed
Valuation
Fair Value
BUY
3M Co.

It trades at only 17x PE in 3M, and it runs a diversified business.

mngmnt / diversified
DON'T BUY
3M Co.

Wait. Don't enter this now. Wants to see more clarity. Shares are climbing after a long malaise and they have a new CEO. But hey have legacy problems with a chemical and a huge lawsuit, and the noise suppression technology lawsuit. These types of companies do turn around, but he'd rather pay more for more certainty.

mngmnt / diversified
WEAK BUY
3M Co.

Large industrial with a medical component, and she likes that. Good job getting back on track. Dividend cut earlier this year.

She focuses more on Canadian companies, so take a look at CCL.B. 

mngmnt / diversified
HOLD
3M Co.

Long-term underperformer and base-building, recently broke out. Resistance levels started to fall, one by one. Then big pop on earnings. One of the top-ranked stocks on RSI in the US universe, acting extremely well. Quite well supported, even through the correction of last week.

mngmnt / diversified
BUY
3M Co.

Last Friday, the CEO walked about areas that could see cost cuts and many segments that could grow faster. MMM is part of the rally broadening out of tech.

mngmnt / diversified
BUY
3M Co.

Just reported: beat earnings and revenues and free cash flow. Also, they guided a little higher. The CEO is focused on growing organic growth, free cash flow and operating margins, which is what happened and will do. She would still buy it.

mngmnt / diversified
BUY ON WEAKNESS
3M Co.

He thinks the CEO can continue to turn things around and expand operating margins.

mngmnt / diversified
BUY
3M Co.

The new CEO is doing what he must and has a good track record from L3Harris.

mngmnt / diversified
DON'T BUY
3M Co.

All their lawsuits have put this in the penalty box as the business struggles and the dividend was cut in half.

mngmnt / diversified
BUY ON WEAKNESS
3M Co.

Was upgraded today. Most calls remain sell. This is a turnaround story, but shares are cheap at 14x. They cut the dividend, now 2.8% but it remains higher than the industry average of 1.8%. They spun-off their healthcare business, so the company is simplifying. The current CEO as a good, massive track record from L3Harris and UTX. Will buy on any weakness.

mngmnt / diversified
PARTIAL BUY
3M Co.

It completed spinning off healthcare company Solventum today. MMM shares have been challenged by many lawsuits, including over its hearing aids, and some of its businesses have slowed. An exception is Solventum, positing positive organic growth over the past decade. Revenues were $8.2 billion in 2023, but guidance said that 2024 will be a rebuilding year. That said, it's now selling at 11x this year's earnings, cheap. Keep in mind that most spun-offs start off shaky, with those getting initial shares not wanting them. So, buy Solventum gradually over the next 6 months. As for 3M, they paid dearly to settle their lawsuits, so the worst is behind them. Also, they're cutting costs like crazy. Also, Wall Street likes the change in CEOs.

mngmnt / diversified
DON'T BUY
3M Co.

Are in good shape after the spin-off, BUT wait till they settle all of their lawsuits. Same goes with JNJ.

mngmnt / diversified
BUY ON WEAKNESS
3M Co.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

3M's 2024 outlook reflects another year of macroeconomic uncertainty, with lower top-line growth than consensus anticipated. The company's consumer outlook is cautionary, as it expects constrained spending again this year, which may be conservative. 3M's 4Q adjusted EPS of $2.42 was better than expected, supported by a lower tax rate, slightly higher sales growth and benefits from restructuring actions. Organic sales fell 1.4% with a surprise gain in Transportation and Electronics (up 2.7%), but not enough to offset declines in other segments. Adjusted operating margin expanded 180 bps to 20.9%, driven by a 380-bp jump in Transportation and Electronics. A planned first half Health Care spinoff is on track, with cash likely to be used for debt reduction and legal payments. Considering the balance sheet and free cash flow, we would not have serious concerns on the dividend, and consensus still calls for some EPS growth this year ($9.21 to $9.66). But, considering guidance, investors might just sit on the sidelines for a while, despite the low valuation (9X). With other stocks growing faster and doing better fundamentally, we would not see it as overly attractive yet. Negative momentum can continue at times. Its 52-week low is $85-ish. We would be more interested at $90.
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mngmnt / diversified
WATCH
3M Co.

They report Tuesday. They've put the lawsuits behind them. Now, they need to develop some new products that turn into blockbusters, like they used to.

mngmnt / diversified
DON'T BUY
3M Co.

Is still dealing with class-action lawsuits. Doesn't see the end of the tunnel. Is a complex problem involving many US states.

mngmnt / diversified
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3M Co.(MMM-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 9

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 16

Stockchase rating for 3M Co. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

3M Co.(MMM-N) Frequently Asked Questions

What is 3M Co. stock symbol?

3M Co. is a American stock, trading under the symbol MMM-N on the New York Stock Exchange (MMM). It is usually referred to as NYSE:MMM or MMM-N

Is 3M Co. a buy or a sell?

In the last year, 16 stock analysts published opinions about MMM-N. 9 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for 3M Co..

Is 3M Co. a good investment or a top pick?

3M Co. was recommended as a Top Pick by on . Read the latest stock experts ratings for 3M Co..

Why is 3M Co. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is 3M Co. worth watching?

16 stock analysts on Stockchase covered 3M Co. In the last year. It is a trending stock that is worth watching.

What is 3M Co. stock price?

On 2024-10-11, 3M Co. (MMM-N) stock closed at a price of $134.75.