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3M Co Stock Buy Recommendation Reiterated (MMM)

NEW YORK (TheStreet) -- 3M (NYSE:MMM) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 9.9%. 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.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen 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 0.16%.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $76.1 billion and is part of the conglomerates sector and conglomerates industry. The company has a P/E ratio of 18.00, below the S&P 500 P/E ratio of 18.00. Shares are up 17.8% year to date as of the close of trading on Friday.

You can view the full 3M Ratings Report or get investment ideas from our investment research center.

--Written by a member of TheStreet Ratings Staff.

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