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.
A number of analysts gave price targets for MMM. The maximum price target given was 234, implying a possible profit of 16.97 percent. The lowest price target was 179, implying potential capital losses 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. 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.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts made negative revisions. Over the same time period, 4 analysts revised their FY earnings estimates upwards, 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. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. MMM has a PEG ratio of 10.18.
MMM has traded between a high of 214.57 and a low of 163.85 over the past year. Currently the stock is 22.09 percent higher than its low, and 6.77 percent below the high. 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's next earnings release will be on 0000-00-00, which is days away.