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 potential capital gains of 16.97 percent. The minimum price target given was 179, which equates to a potential downside of -10.52 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -0.23 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 4 analysts revised their estimates downwards. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MMM is 10.18.

In the trailing 52-weeks, MMM hit 214.57 at the highest peak, while it's lowest trading point was 163.85. Currently the stock is 22.09 percent higher than its 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 stock has a market capitalization of $118.94 billion. MMM is estimated to release their earnings results for the quarter on 0000-00-00, days from today.