How to Buy 3m Co Stock
3m Co
3m Co is a conglomerate 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 $90.96, down 0.1% from the previous day, and has decreased 14.82% in one year. It has overperformed other stocks in the Conglomerates industry by 0.05 percentage points. 3m Co stock is currently +6.58% from its 52-week low of $85.35, and -19.6% from its 52-week high of $113.14.
As of Apr 17, 2024, there are 552.7M MMM shares outstanding. The market cap of MMM is $50.27B. In the last 24 hours, 3.37M MMM shares were traded.
How to Buy 3m Co Stock
Not sure how to invest in 3m Co stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your method of payment and add your information.
- 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).
- 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.
- 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.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, you need to fill out some personal details so you can buy MMM today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new brokerage account.
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Step 3: Fund your brokerage account
Now that you have opened your account on app for investing, you need to deposit funds:
Watch this video walkthrough for more details transferring funds into your investment account.
Step 4: Evaluate 3m Co stock
After you have identified the best place to buy 3m Co stock, it's crucial to evaluate their stock prior to investing, so you actually comprehend the risk and opportunity.
3m Co stock at a glance
MMM Due Diligence Checks
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on MMM's stock page.
Is MMM stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge MMM's fair value.
Using relative valuations metrics:
- MMM may be overvalued based on its P/B ratio of 10.46x, relative to Conglomerates industry P/B ratio of 4.8x
You can do more valuation research on MMM's stock here.
A look at MMM Cashflows and Balance Sheet
Positive Financial Indicators:
- MMM's operating cash flow of $6.68B allows it to safely service it's debt of $16.79B.
- There are more short-term assets than short-term liabilities on the MMM balance sheet.
Negative Financial Indicators:
- MMM profit margin has gone down from 16.9% to -21.4% in the past year.
- MMM earnings of -$9.69B is not sufficient to cover its interest payments.
- MMM has a relatively high debt to equity ratio of 9.51.
- Total MMM debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the MMM balance sheet.
Is 3m Co stock a Buy, Hold, or Sell, according to analysts?
Out of 7 Wall Street analysts who give forecasts on MMM, the consensus analyst rating on 3m Co is a Hold
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent MMM Analyst Upgrades/Downgrades
Brett Linzey, a top 8% analyst from Mizuho maintains MMM with a hold rating and maintains their MMM price target from $105.00 to $105.00, on Mar 27, 2024.
Joe O'Dea, a top 19% analyst from Wells Fargo maintains MMM with a hold rating and lowers their MMM price target from $112.00 to $105.00, on Jan 24, 2024.
You can dive deeper into what analysts are saying on the 3m Co stock forecast page.
MMM Technicals
MMM Growth Metrics
Last year, MMM revenue was $32.68B. Over the last five year, MMM's revenue has grown by -0.05% per year. This was faster than the Conglomerates industry average of -0.78%.
Find out more about MMM's earnings and revenue performance here.
Are MMM insiders buying or selling the stock?
Over the past year, executives and large shareholders at MMM have bought more shares than they have sold.
Rodriguez Beatriz Karina Chavez, Group President of MMM, was the latest MMM insider to sell. They sold $39,329.60 worth of MMM stock on Feb 14, 2024.
Research more about who owns MMM shares here.
Does MMM stock generate passive income?
3m Co pays a dividend of 6.61%, compared to the Conglomerates industry's average dividend yield of 3.29%. If you owned $1,000 worth of MMM stock, you would have been paid $66.07 in the past 12 months.
3m Co dividend payments have consistently grown over the past decade and have remained stable.
Get more info about 3m Co dividend yield and history here.
What others are saying about MMM
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your MMM purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open Trade button and eToro will place the order.
If you require more help buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your MMM position
Now that you own some MMM stock, you'll want to stay up-to-date on your investment.
Start a watchlist to see the latest developments about your MMM stock.
MMM Feed
How to Buy Stock in 3m Co
To reiterate, here are the 6 steps to buy 3m Co stock:
- Decide where to buy 3m Co stock
- Open your brokerage account
- Fund your brokerage account
- Evaluate 3m Co stock
- Make your MMM purchase
- Get key alerts regarding your MMM position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your new investment in 3m Co, click below.
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