3M Reaches New 52-Week High (MMM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- 3M (NYSE: MMM) hit a new 52-week high Thursday as it is currently trading at $108.96, above its previous 52-week high of $108.72 with 269,903 shares traded as of 10 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

3M has a market cap of $74.55 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 16.5% year to date as of the close of trading on Wednesday.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 17, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates 3M as a buy. 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, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full 3M Ratings Report.

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