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 most optimistic analyst gave a price target of 234, implying a possible profit 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. This can be compared with the average change in earnings estimates over the past 3 months, which 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.73 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 4 analysts that decreased their estimates. Over the same time period, 4 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of MMM to grow at a rate of 2.24 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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's next earnings release will be on 0000-00-00, which is days away.