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TSX makes new high, Wall Street mixedTSX and oil climb, Wall Street pausesStocks rally despite hot inflationThis summary was created by AI, based on 16 opinions in the last 12 months.
Experts have mixed opinions on 3M Co.'s stock. Some believe that the worst is behind them after settling lawsuits, cutting costs, and with the change in CEOs, while others are concerned about ongoing legal issues and the company's future outlook. There is also discussion about the potential for long-term investment but with short-term concerns. The stock is seen as offering a high dividend yield but is also facing challenges related to product liabilities and lawsuits.
Are in good shape after the spin-off, BUT wait till they settle all of their lawsuits. Same goes with JNJ.
3M's 2024 outlook reflects another year of macroeconomic uncertainty, with lower top-line growth than consensus anticipated. The company's consumer outlook is cautionary, as it expects constrained spending again this year, which may be conservative. 3M's 4Q adjusted EPS of $2.42 was better than expected, supported by a lower tax rate, slightly higher sales growth and benefits from restructuring actions. Organic sales fell 1.4% with a surprise gain in Transportation and Electronics (up 2.7%), but not enough to offset declines in other segments. Adjusted operating margin expanded 180 bps to 20.9%, driven by a 380-bp jump in Transportation and Electronics. A planned first half Health Care spinoff is on track, with cash likely to be used for debt reduction and legal payments. Considering the balance sheet and free cash flow, we would not have serious concerns on the dividend, and consensus still calls for some EPS growth this year ($9.21 to $9.66). But, considering guidance, investors might just sit on the sidelines for a while, despite the low valuation (9X). With other stocks growing faster and doing better fundamentally, we would not see it as overly attractive yet. Negative momentum can continue at times. Its 52-week low is $85-ish. We would be more interested at $90.
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They report Tuesday. They've put the lawsuits behind them. Now, they need to develop some new products that turn into blockbusters, like they used to.
Is still dealing with class-action lawsuits. Doesn't see the end of the tunnel. Is a complex problem involving many US states.
Would not recommend buying at this time. Involvement in lawsuits a concern for investors. Unsure on liabilities associated in lawsuits. Wait to see outcome. Strong R&D pipeline, so could be investment grade in the future, but not right now. Dividend yield reflecting risky nature of business.
Has suffered several lawsuits. Are liable for billions in a major chemical lawsuit, which resulted in a severely negative quarter. Continues to suffer lawsuits. 3M is in disarray and yet is paying a large dividend (because the stock has fallen). The payout ratio is around 60% (not entirely sure), a little high and uncomfortable.
A discretionary that yields 6.34%, but shares have fallen since early 2021. Before he would buy this, but he sees a sell signal on the S&P 500 (the last time happened in March 2020). He might buy 3M with a stop, but not enthusiastic.
Long term - may be a good investment, but short term is a concern.
~6% dividend too high.
Would not recommend investing.
Legal/liability issues with product ingredients.
Hearing loss product under investigation.
Are cleaning up their class-action lawsuits. Stock is cheap.
Troublesome. Lawsuits on carcinogens and noise protection products, a $25B hit. Struggles on margins and growth.
An interesting time to buy this, given the earplug lawsuit and this cloud should start to lift. They've paid a dividend for 100 years, raising it for 64 years, paying 5.8%. They are innovative, like robots they've sold to BMW. Dirt cheap. Buy.
Shares have climbed Friday, though have lagged recently, because of hopes that they will settle a pollution lawsuit. However, today the market read that progress negatively, and shares sank.
3M Co. is a American stock, trading under the symbol MMM-N on the New York Stock Exchange (MMM). It is usually referred to as NYSE:MMM or MMM-N
In the last year, 16 stock analysts published opinions about MMM-N. 5 analysts recommended to BUY the stock. 11 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for 3M Co..
3M Co. was recommended as a Top Pick by on . Read the latest stock experts ratings for 3M Co..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
16 stock analysts on Stockchase covered 3M Co. In the last year. It is a trending stock that is worth watching.
On 2024-04-26, 3M Co. (MMM-N) stock closed at a price of $91.99.
It completed spinning off healthcare company Solventum today. MMM shares have been challenged by many lawsuits, including over its hearing aids, and some of its businesses have slowed. An exception is Solventum, positing positive organic growth over the past decade. Revenues were $8.2 billion in 2023, but guidance said that 2024 will be a rebuilding year. That said, it's now selling at 11x this year's earnings, cheap. Keep in mind that most spun-offs start off shaky, with those getting initial shares not wanting them. So, buy Solventum gradually over the next 6 months. As for 3M, they paid dearly to settle their lawsuits, so the worst is behind them. Also, they're cutting costs like crazy. Also, Wall Street likes the change in CEOs.