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Is 3M company (MMM) a good stock to buy?

The stock price of 3M Company (NYSE:MMM) has seen a decline of 5.4% over the last five trading sessions, led by a recent sell-off in large industrial stocks, including Honeywell. Looking at a little longer time period, MMM stock is up only 8% year-to-date. This compares with 22% gains seen for the S&P500.

How much is 3M stock worth?

As such, our revised 3M Valuation now stands at $205 per share, based on $10.07 expected EPS and a 20x P/E multiple for 2021. However, despite the revision to our estimate, we see there is not much room for growth in MMM stock, and it appears to be appropriately valued at levels of around $200 currently.

What is happening to 3M’s stock?

3M (MMM) is headquartered in St Paul, and is in the Conglomerates sector. The stock has seen a price change of -15.66% since the start of the year.

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