3M Co Stock Buy Recommendation Reiterated (MMM)
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- The revenue growth came in higher than the industry average of 10.0%. Since the same quarter one year prior, revenues slightly increased by 2.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The current debt-to-equity ratio, 0.33, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.48, which illustrates the ability to avoid short-term cash problems.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 31.93% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, MMM should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The gross profit margin for 3M CO is rather high; currently it is at 52.40%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 14.78% is above that of the industry average.
- Net operating cash flow has increased to $994.00 million or 20.04% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 0.67%.
--Written by a member of TheStreet Ratings Staff. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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