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Is this Large Market Cap Stock target price reasonable for 3M Company (NYSE:MMM)?

The company in question is, 3M Company (NYSE:MMM) currently with a stock price of 177.95 (0.16% today). The market cap for 3M Company is 107645.97, and is in the sector Industrial Goods, and Diversified Machinery industry. The target price for 3M Company is 176. Currently 3M Company is trading with a P/E of 22.81, and a forward P/E of 19.87. Average volume for 3M Company is 1936.4 and so far today it is 1066615.

Performance in the last year for 3M Company has been 22.78%. For EPS growth, 3M Company has seen a growth of 1.30%, and is looking to grow in the next year to 8.45%. More long term stats show that EPS growth has been 6.10% over the last five years and could be 8.97% for the next five years. 3M Company has seen sales growth quarter over quarter at -2.20%, with EPS growth quarter over quarter at 10.90%. The 20-day simple moving average is 3.22%, with the 200-day simple moving average coming to 11.60%.

Since the IPO date for 3M Company on the 1/2/1970, 3M Company has seen performance year to date to be 19.58%. With 3M Company trading at 177.95, the dividend yield is 2.50%, and the EPS is 7.79.

So could 3M Company, be undervalued? Well as said before P/E is 22.81. The PEG is 2.54, P/S is 3.58 and the P/B is at 9.2. The P/cash is 71.15, with P/free cash flow at 42.46.

3M Company ability to deal with debt shows that the current ratio is 1.5, and the quick ratio is 1. This is with long term debt/equity at 0.76, and total debt/equity at 0.95.

In terms of margins, 3M Company has a gross margin of 49.50%, an operating margin of 23.30% and a profit margin of 16.30%.Payout ratio for 3M Company is 52.70%. Return on assets come to 15.10% with return on investment coming to 22.00%.

Insider ownership for 3M Company, is at 0.10% and institutional ownership comes to 67.20%. Outstanding shares are at 605.91. While shares float is 605.91. The float short is currently 1.26%, and short ratio is 3.95.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Peter Clarke

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