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 highest price target was 234, implying a possible profit of 16.97 percent. The minimum price target given was 179, implying potential capital losses of -10.52 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -0.23 percent on average, compared to last month. That number becomes -1.12 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0.11 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.73 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts made negative revisions. 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.

Analysts estimate earnings of MMM to grow at a rate of 2.24 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. MMM has a PEG ratio of 10.18.

In the last 52-weeks, MMM has achieved a high of 214.57 and a low of 163.85. Today's price is 22.09 percent above the 52-week low, and 6.77 percent below the high. MMM has a price/earnings 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.