Analyst Ratings for 3M Co. (MMM)Updated: 2017-07-28
Analysts covering 3M Co. (NYSE:MMM) have given it a consensus rating of Hold. MMM had previously received a consensus rating of Hold a month ago.
16 analysts issued ratings on the stock, where 4 gave MMM a buy rating, 0 issued an overweight rating, 10 gave a hold rating, 0 issued an underweight rating, and 2 gave a sell rating. Today, there are 3 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for MMM. The maximum price target given was 234, implying potential capital gains of 16.97 percent. The minimum price target given was 179, implying a possible loss of -10.52 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates downwards for this quarter, by about -0.23 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -1.12 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.11 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.73 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 4 analysts revised their estimates downwards. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of MMM's earnings is estimated by analysts to be 2.24 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of MMM is 10.18.
MMM has a 52-week high of 214.57 and a 52-week low of 163.85. Today's price is 22.09 percent above the 52-week low, and below the high by 6.77 percent. MMM has a P/E ratio of 22.81. Investors typically compare the P/E ratio to a company's peers in the industry. The MMM value stock report compares MMM to some of its peers using value stock charts. The market cap of MMM is $118.94 billion. MMM will post this quarters earnings in days, on 0000-00-00.