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NYSE: MMM

How to Buy 3m Co Stock

Buy MMM

3m Co

3m Co is a specialty industrial machinery company located in Minnesota, United States, which is part of the Industrials sector, and is traded under the ticker MMM on the NYSE exchange.

3m Co stock last closed at $112.99, down 1.01% from the previous day, and has decreased 37.76% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.12 percentage points. 3m Co stock is currently +1.23% from its 52-week low of $111.62, and -39.35% from its 52-week high of $186.30.

As of Sep 23, 2022, there are 569.6M MMM shares outstanding. The market cap of MMM is $64.36B. In the last 24 hours, 3.68M MMM shares were traded.

How to Buy 3m Co Stock

Not sure how to invest in 3m Co stock? Here's how.
  1. Decide where to buy 3m Co stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy 3m Co stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found. It's the best place to buy MMM stock.
  3. Fund your brokerage account: Pick your method of payment and add your information.
  4. Evaluate 3m Co stock: The 3m Co ticker symbol is MMM. Is 3m Co stock a good investment? Should you buy shares of MMM? How do MMM's underlying business fundamentals look? Do top analysts think 3m Co is a good buy? Why has MMM's stock price moved recently? (Hint: Our stock analysis website can help you understand if MMM is a good stock to buy).
  5. Make your MMM purchase: Decide if you will purchase MMM shares at the current market price or use a limit order to buy MMM stock at a given price.
  6. Get key alerts regarding your MMM position: Create a watchlist to important notifications about your position in 3m Co stock.

Step 1: Decide where to buy 3m Co stock

You will need a brokerage account to access the NYSE market and buy MMM stock.

A brokerage account is an investment account that allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Buy MMM Stock

Step 2: Open your brokerage account

Now that you've picked you need brokerage, selected to fill out some personal information so you can buy MMM today.

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  2. Input your personal details to create your new brokerage account.
  1. Send your application by clicking the "Create Account" button.
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Step 3: Fund your brokerage account

Watch the walkthrough below if you need help transferring funds into your new brokerage account.

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Step 4: Evaluate 3m Co stock

It's crucial to evaluate stocks before you buy, so you actually understand the risk as well as the opportunity.

3m Co shares at a glance

MMM Price
$112.99
1w %
-3.1%
1y %
-37.76%
5y %
-46.38%
P/E
15.67x
P/B
4.68x
P/S
1.84x
PEG
0.77x
Revenue
$35.09B
Earnings
$4.15B
Fore. Rev. Growth
0.88%
Fore. Earn. Growth
22.61%
Market Cap
$64.36B
Next Earnings
Oct 24, 2022
Next Dividend
N/A

MMM Due Diligence Checks

WallStreetZen was designed to help everyday investors perform better fundamental analysis in less time.

You can see all of the due diligence checks on MMM's stock page.

Is MMM stock properly valued?

Investors use many financial metrics, analyses, models, and charts to gauge MMM's intrinsic value.

Using relative valuations metrics:

  • MMM may be undervalued based on its P/E ratio of 15.67x, relative to Specialty Industrial Machinery industry P/E ratio of 19.25x
  • MMM may be overvalued based on its P/B ratio of 4.68x, relative to Specialty Industrial Machinery industry P/B ratio of 3.87x
  • MMM may be undervalued based on its PEG ratio of 0.77x

You can do additional valuation research on MMM's stock here.

MMM Financial Health Overview

Positive Financial Indicators:

  • There are more short-term assets than short-term liabilities on the MMM balance sheet.
  • MMM's operating cash flow of $6.02B allows it to safely service it's debt of $17.12B.
  • MMM earnings of $4.98B is not sufficient to cover its interest payments.

Negative Financial Indicators:

  • MMM profit margin has gone down from 17.2% to 11.8% in the past year.
  • There are more long-term liabilities than short-term assets on the MMM balance sheet.
  • Total MMM debt is higher than 5 years ago, relative to shareholder equity.
  • MMM has a relatively high debt to equity ratio of 2.32.

Is it a good time to buy 3m Co stock?

Out of 14 Wall Street analysts who research MMM, the consensus analyst rating on 3m Co is a Sell

Should I buy or sell MMM stock?

Based on 14 analysts offering ratings for 3m Co.
Sell
Strong Buy
0 analysts 0%
Buy
0 analysts 0%
Hold
10 analysts 71.43%
Sell
1 analysts 7.14%
Strong Sell
3 analysts 21.43%

Latest MMM Analyst Recommendations

Chris Snyder, a bottom 25% analyst from UBS upgrades MMM to a hold rating and raises their MMM price target from $118.00 to $126.00, on Sep 9, 2022.

Nicole Deblase, a bottom 11% analyst from Deutsche Bank maintains MMM with a hold rating and lowers their MMM price target from $155.00 to $127.00, on Sep 9, 2022.

Deblase lowered her price target on 3M Company by 18.1%.

To reflect the spinoff of the company's Food Safety business*, the analyst said she adjusted her model.

"The deal was completed at an attractive implied valuation," Deblase told investors.

* From here: On 2022/08/04, 3M announced "the commencement of an exchange offer to effect the separation of its food safety business in furtherance of the previously announced Reverse Morris Trust transaction** with Neogen Corporation to be effected through the merger of Garden SpinCo Corporation, currently a wholly-owned subsidiary of 3M formed to hold the food safety business, with a subsidiary of Neogen."

** A tax avoidance transaction explained here.

Joseph O'Dea, a bottom 14% analyst from Wells Fargo maintains MMM with a hold rating and lowers their MMM price target from $144.00 to $125.00, on Sep 8, 2022.

John Walsh, a top 13% analyst from Credit Suisse maintains MMM with a hold rating and raises their MMM price target from $157.00 to $160.00, on Jul 27, 2022.

Joshua Pokrzywinski, a top 8% analyst from Morgan Stanley maintains MMM with a strong sell rating and raises their MMM price target from $126.00 to $131.00, on Jul 27, 2022.

You can dive deeper into what analysts are projecting on the 3m Co stock forecast page.

MMM Technicals

SMA10
117.04
SMA20
120.1
SMA50
133.43
SMA100
136.81
SMA200
148.22
MACD
-5.94
MACD Signal
-5.73
MACD Histogram
-0.21
RSI
26.96
Stochastic %K
6.75
Stochastic %D
10.49
StochRSI %K
40.59
StochRSI %D
47.36

Is MMM Growing Revenue?

Last year, MMM earnings were $4.15B. Over the past five year, MMM's earnings have increased by -4.3% per year. This was slower than the Specialty Industrial Machinery industry average of 7.99%.

Last year, MMM revenue was $35.09B. During the last 5 year, MMM's revenue has increased by 2.82% per year. This was slower than the Specialty Industrial Machinery industry average of 3.59%.

Find out more about MMM's earnings and revenue performance here.

Are MMM executives and large shareholders buying or selling the stock?

Over the past 12 months, insiders at MMM have bought more shares than they have sold.

Eric D. Hammes, EVP & Chief Count Gov Svc Off of MMM, was the latest MMM insider to buy. They bought $319,186.05 worth of MMM shares on Aug 17, 2022.

Learn more about who owns MMM stock here.

Does MMM provide a stable income stream?

3m Co pays a dividend of 5.27%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.72%. If you owned $1,000 of MMM stock, you would have been paid $52.66 in the past year.

3m Co dividend payments have consistently grown over the past decade and have remained stable.

Dig into more analysis about 3m Co dividend yield and history here.

What others are saying about MMM

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Step 5: Make your MMM purchase

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price limit, use a limit order.

Press the Open Trade button and eToro will execute the order.

If you require additional help with investing in stocks on eToro, click the how to video below:

Buy MMM Stock

Step 6: Get key alerts regarding your MMM position

Now that you own some shares in MMM, you'll want to stay up-to-date on your company.

Add MMM to a watchlist to see the latest developments about your MMM stock.

MMM Feed

How to Buy Stock in 3m Co

To summarize, here are the 6 steps to buy 3m Co stock:

  1. Decide where to buy 3m Co stock
  2. Open your brokerage account
  3. Fund your brokerage account
  4. Evaluate 3m Co stock
  5. Make your MMM purchase
  6. Get key alerts regarding your MMM position

If you are looking for a online brokerage, eToro is our favorite venue.

Start investing with eToro today

If you want to track your investment in 3m Co, add MMM to your watchlist below.

$112.99-1.15 (-1.01%)
Updated Sep 23, 2022
Buy MMM Stock
$112.99-1.15 (-1.01%)
Updated Sep 23, 2022
Buy MMM Stock

FAQ

How much does it cost to buy one 3m Co share?

As of Sep 23, 2022, it costs $112.99 to buy one share of 3m Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.089 shares of MMM.

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Is now a good time to buy 3m Co stock?

According to 14 Wall Street analysts who monitor 3m Co, their consensus recommendation is to sell 3m Co stock.

What is the best way to buy 3m Co stock?

The best way to buy 3m Co stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.