Key Highlights:
- 3M Company (MMM, Financial) shows a moderate rise in stock value despite broader market challenges.
- Analyst forecasts suggest a potential upside of over 11%, yet value estimates caution a significant downside.
- The stock's current evaluation indicates anticipated optimism despite profitability concerns.
3M Company (MMM) has outperformed the S&P 500 with a modest gain of 2.2% over the last six months, standing in contrast to the S&P 500's 7.7% decline. While this is a positive trend, persistent challenges with stagnant organic revenue over the past two years and a falling return on invested capital (ROIC) indicate limited prospects for profitable growth. Currently, the stock trades at 18.1× forward earnings, reflecting a level of optimism already priced in.
Wall Street Analysts Forecast
According to projections from 15 analysts, the average one-year price target for 3M Co (MMM, Financial) is $151.82, ranging from a high estimate of $184.00 to a low of $83.00. This average target suggests an upside of 11.67% from the current stock price of $135.95. Investors seeking more detailed estimates can visit the 3M Co (MMM) Forecast page.
Consensus from 19 brokerage firms currently positions 3M Co (MMM, Financial) with an average recommendation of 2.3, indicating an "Outperform" status. The rating system spans from 1 (Strong Buy) to 5 (Sell), with 3M's position reflecting a generally favorable outlook.
According to GuruFocus estimates, the anticipated GF Value for 3M Co (MMM, Financial) in one year is $88.18, suggesting a potential downside of 35.14% from the current price of $135.95. The GF Value represents GuruFocus' estimation of a stock's fair trade value, derived from historical trading multiples and anticipated business performance. For further insights, investors can explore the 3M Co (MMM) Summary page.
