3M Company – Consensus Indicates Potential 18.4% Upside

Broker Ratings

3M Company with ticker code (MMM) now have 17 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 210 and 102 calculating the average target price we see $121.69. Given that the stocks previous close was at $102.78 and the analysts are correct then we can expect a percentage increase in value of 18.4%. It’s also worth noting that there is a 50 day moving average of $115.18 while the 200 day moving average is $125.06. The total market capitalization for the company now stands at $56,580m. Company Website: https://www.3m.com

The potential market cap would be $66,990m based on the market consensus.

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3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports, and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.

The company has a dividend yield of 5.8% with the ex dividend date set at 16-2-2023 (DMY).

Other points of data to note are a P/E ratio of 10.17, revenue per share of 60.48 and a 7.48% return on assets.

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