3M Co (NYSE: MMM) stock suffered a major decline of -11.4% on 4/1/24. The shares closed at $94.02. Moreover, exceptionally high trading volume at 218% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -12.8% during the last week.
Current PriceTarget Research Rating
MMM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
3M has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. 3M has a neutral Appreciation Score of 52 and a neutral Power Rating of 43, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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