Are we looking at the next cheap bargain in 3M Company (MMM)?

3M Company (NYSE: MMM) is -0.92% lower on its value in year-to-date trading and has touched a low of $114.04 and a high of $182.54 in the current 52-week trading range. The MMM stock was last observed hovering at around $174.11 in the last trading session, with the day’s gains setting it 0.68% off its average median price target of $183.00 for the next 12 months. It is also 26.25% off the consensus price target high of $237.00 offered by 18 analysts, but current levels are -16.53% lower than the price target low of $150.00 for the same period.

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Currently trading at $174.79, the stock is 0.47% and 2.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 0.39% at the moment leaves the stock 9.91% off its SMA200. MMM registered -2.89% loss for a year compared to 6-month gain of 11.30%. The firm has a 50-day simple moving average (SMA 50) of $173.94 and a 200-day simple moving average (SMA200) of $164.67.

The stock witnessed a 2.50% loss in the last 1 month and extending the period to 3 months gives it a 10.08%, and is 0.46% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.05% over the week and 1.36% over the month.

3M Company (MMM) has around 96163 employees, a market worth around $100.43B and $31.71B in sales. Current P/E ratio is 20.49 and Fwd P/E is 18.44. Profit margin for the company is 15.70%. Distance from 52-week low is 53.27% and -4.25% from its 52-week high. The company has generated returns on investments over the last 12 months (16.40%).

3M Company (MMM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for 3M Company (MMM) is a “Hold”. 18 analysts offering their recommendations for the stock have an average rating of 3.10, where 14 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

3M Company is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $2.18 with sales reaching $8.3B over the same period.The EPS is expected to shrink by -14.90% this year, but quarterly earnings will post -0.70% year-over-year. Quarterly sales are estimated to grow 2.30% in year-over-year returns.

3M Company (MMM) Top Institutional Holders

2,545 institutions hold shares in 3M Company (MMM), with 1.09M shares held by insiders accounting for 0.19% while institutional investors hold 66.65% of the company’s shares. The shares outstanding are 577.80M, and float is at 575.73M with Short Float at 1.32%. Institutions hold 66.53% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 45.36 million shares valued at $7.27 billion. The investor’s holdings represent 7.86% of the MMM Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 38.86 million shares valued at $6.22 billion to account for 6.74% of the shares outstanding. The other top investors are State Street Corporation which holds 30.6 million shares representing 5.30% and valued at over $4.9 billion, while Newport Trust Co holds 1.90% of the shares totaling 10.97 million with a market value of $1.76 billion.

3M Company (MMM) Insider Activity

The most recent transaction is an insider sale by Ashish Khandpur K, the company’s Executive Vice President. SEC filings show that Ashish Khandpur K sold 5,760 shares of the company’s common stock on Dec 17 at a price of $176.44 per share for a total of $1.02 million. Following the sale, the insider now owns 15959.0 shares.

3M Company disclosed in a document filed with the SEC on Dec 17 that Hammes Eric D. (Executive Vice President) sold a total of 5,076 shares of the company’s common stock. The trade occurred on Dec 17 and was made at $176.67 per share for $0.9 million. Following the transaction, the insider now directly holds 4778.0 shares of the MMM stock.

Still, SEC filings show that on Dec 08, Lavers Jeffrey R (Executive Vice President) disposed off 6,219 shares at an average price of $172.09 for $1.07 million. The insider now directly holds 4,424 shares of 3M Company (MMM).

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3M Company (MMM): Who are the competitors?

The company’s main competitors (and peers) include Align Technology Inc. (ALGN) that is trading 88.37% up over the past 12 months. HP Inc. (HPQ) is 18.28% up on the 1-year trading charts. Short interest in the company’s stock has risen 6.97% from the last report on Nov 12, 2020 to stand at a total of 7.07 million short shares sold with a short interest ratio of 2.83.

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