3M Company : Supported by 100-days moving average
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04/12/2012 | 10:53am
Opinion : Bullish above 84.6 USD
Target price : 90 USD
Stop loss: 82.1 USD
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NYSE
Industrial Conglomerates |
3M company operates principally in electronics, telecommunications, industry and health care.
In the fourth quarter, the Group reported a quarterly profit above expectations, demand from the industrial segment of transportation, offsetting weakness in sales to manufacturers of consumer electronics. Earnings per share were $ 1.35 versus $1.31 expected by Thomson Reuters’ consensus.
Technically, once USD 90 resistance was hit, upside on the bullish consensus was depleted. The stock has declined to the USD 84.60 short-term support, forming two gaps during its fall. On this level, the proximity of 100-days moving average could bolster up the share to the USD 90 mid-term resistance.
In this context, investors could take a buy order on the current price to target USD 90. However a stop-loss should be placed below USD 82.4.
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Alexandre Nutte
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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16,6x |
15,1x |
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Capitalization / Revenue
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2,48x |
2,35x |
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EV / Revenue
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2,53x |
2,35x |
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EV / EBITDA
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9,63x |
8,84x |
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Yield (DPS / Price)
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2,28% |
2,46% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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22,1% |
22,6% |
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operating laverage (Delta EBIT / Delta Sales)
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1,47x |
1,44x |
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Net Margin (Net Profit / Revenue)
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15,1% |
15,6% |
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ROA (Net Profit / Asset)
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14,7% |
15,4% |
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ROE (Net Profit / Equities)
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25,2% |
24,8% |
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Rate of Dividend
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37,8% |
37,2% |
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