3M Stock Is Up 40% This Year. Can the Rally Keep Going? - Nasdaq

Aug 18, 2024 · In terms of valuation, 3M shares are trading at forward price-to-earnings ratio (P/E) of 17. This level stands out as attractive next to a peer group of industrial-sector leaders …

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3M Stock Is Up 40% This Year. Can The Rally Keep Going? - Nasdaq

2 weeks from now

Aug 18, 2024 · In terms of valuation, 3M shares are trading at forward price-to-earnings ratio (P/E) of 17. This level stands out as attractive next to a peer group of industrial-sector leaders …

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Why 3M Is An Entry Point Back Into Industrials - Yahoo Finance

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Jan 26, 2024 · Mulberry points to 3M as his Good Buy, citing: an improved supply chain, potentially saving up to 38% on margins and adding back into budget sheets for potential growth; a strong cash flow ...

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Here's Why 3M Stock Is A Better Pick Over Its Sector Peer - Nasdaq

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Jan 10, 2023 · Looking at financial risk, both are comparable. 3M’s 53.6% debt as a percentage of equity is higher than 24.3% for Emerson Electric, while its 10.5% cash as a percentage of …

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3M’s Growth Challenges And Valuation Concerns ... - Markets Insider

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Oct 23, 2024 · The associated price target remains the same with $125.00. Christopher Snyder’s rating is based on several factors, primarily focusing on 3M’s underwhelming organic growth …

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Why 3M Stock Is Rising Today - Yahoo Finance

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Apr 30, 2024 · The first quarter provided some reasons for hope that the worst is over. 3M earned $2.39 per share on sales of $7.72 billion, easily topping Wall Street's consensus estimates of …

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Here's Why 3M Stock Soared By 25% In July - Yahoo Finance

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Aug 5, 2024 · Shares in industrial giant 3M (NYSE: MMM) rose by a startling 24.8% in July, according to data from S&P Global Market Intelligence.This is a remarkable move, because it …

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Parker Hannifin, 3M, And 6 Other Manufacturing Stocks Set To Grow …

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17 hours ago · In 2024, the Industrial Select Sector SPDR ETF (XLI), which tracks the sector, delivered a return of 17%, falling short of the S&P 500’s impressive 25% gain. Advertisement

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Why 3M Shares Fell Today - The Motley Fool

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Feb 3, 2023 · What happened. Shares of industrial conglomerate 3M (MMM 1.69%) were trading down by 2.6% as of 2:03 p.m. ET Friday. That slide occurred as the market digested the news …

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FAQs about 3M Stock Is Up 40% This Year. Can the Rally Keep Going? - Nasdaq Coupon?

Why did 3M stock move higher today?

Shares of 3M ( MMM 3.60%) were moving higher today after the conglomerate topped low expectations in its second-quarter earnings report and put a multibillion-dollar lawsuit behind it. As of 1:09 p.m. ET, the stock was up 4.9%. 3M has been struggling with the slowdown in the economy. ...

Why did 3M stock rise 10% in December?

Shares in industrial conglomerate 3M ( MMM 0.39%) rose by slightly more than 10% in December, according to data provided by S&P Global Market Intelligence. The move comes as the market priced in a better growth environment in 2024 due to anticipated interest rate cuts in 2024. A better growth environment for 3M? ...

Why is 3M stock down 32% since 2021?

Summary 3M is undergoing a challenging transformation with stagnant revenue, rising debt, and significant legal risks from PFAS litigation, leading to a 32% stock price decline since 2021. Despite a strong global product portfolio and solid cash flow, current free cash flow is insufficient to cover dividends and share buybacks, raising concerns. ...

Why were 3M shares trading up 5%?

3M shares were trading up by 5% as of 10:30 a.m. ET because its numbers easily beat expectations. The industrial conglomerate has lost more than 40% of its value over the past three years due to various restructurings, lawsuits, and operational issues that have impacted earnings. ...

What if 3M's housing market is weak?

In addition, if there's weakness in spending in an interest-rate-sensitive sector like housing, it could cross over into another significant end market for 3M, namely automotive. 3M's automotive exposure is spread across three segments: consumer, transportation and electronics, and safety and industrial. ...

What happened to 3m shares?

Shares of industrial conglomerate 3M ( MMM -2.86%) were tradingdown by 2.6% as of 2:03 p.m. ET Friday. That slide occurred as the market digested the news that one of the company's largest shareholders, German mutual fund manager Flossbach von Storch, isn't happy with 3M's leadership. ...