Investor sentiment around 3M (MMM, Financial) appears to be tilting bearish, with a notable uptick in put option activity. On a recent trading day, approximately 3,978 put contracts were exchanged, aligning with expected trading volumes.
The most actively traded options were the June 2025 expiration 145 and 140 strike puts, amassing close to 730 contracts in total. This surge in put interest has pushed the Put/Call Ratio to 1.62, indicative of a stronger preference for put options over calls among traders.
Reflecting this heightened activity, the at-the-money implied volatility (IV) for 3M options experienced a significant jump, rising nearly 8 percentage points within the day. The company is set to announce its earnings on April 22nd, an event closely watched by investors who might be positioning themselves accordingly.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for 3M Co (MMM, Financial) is $153.49 with a high estimate of $184.00 and a low estimate of $83.00. The average target implies an upside of 15.55% from the current price of $132.83. More detailed estimate data can be found on the 3M Co (MMM) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, 3M Co's (MMM, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for 3M Co (MMM, Financial) in one year is $88.18, suggesting a downside of 33.61% from the current price of $132.83. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the 3M Co (MMM) Summary page.
