In the last three months, 9 analysts have published ratings on 3M MMM, offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 5 | 3 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 2 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 3 | 1 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for 3M, presenting an average target of $101.22, a high estimate of $126.00, and a low estimate of $84.00. Highlighting a 3.95% decrease, the current average has fallen from the previous average price target of $105.38.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive 3M. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brett Linzey | Mizuho | Maintains | Neutral | $105.00 | $105.00 |
| Deane Dray | RBC Capital | Maintains | Underperform | $84.00 | - |
| Julian Mitchell | Barclays | Raises | Overweight | $126.00 | $111.00 |
| Julian Mitchell | Barclays | Raises | Equal-Weight | $111.00 | $110.00 |
| Deane Dray | RBC Capital | Lowers | Underperform | $84.00 | $85.00 |
| Deane Dray | RBC Capital | Raises | Underperform | $87.00 | $83.00 |
| Brett Linzey | Mizuho | Lowers | Neutral | $105.00 | $120.00 |
| Andrew Kaplowitz | Citigroup | Lowers | Neutral | $104.00 | $117.00 |
| Joe O'Dea | Wells Fargo | Lowers | Equal-Weight | $105.00 | $112.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to 3M. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of 3M compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for 3M's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of 3M's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on 3M analyst ratings.
About 3M
3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.
Financial Milestones: 3M's Journey
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining 3M's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -0.82% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: 3M's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.79% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): 3M's ROE stands out, surpassing industry averages. With an impressive ROE of 19.94%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): 3M's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.89% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 3.51, caution is advised due to increased financial risk.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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