3M Company which can be found using ticker (MMM) now have 17 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 210 and 89 calculating the average target price we see $118.86. Given that the stocks previous close was at $104.56 this indicates there is a potential upside of 13.7%. Also worth taking note is the 50 day moving average now sits at $107.89 and the 200 day moving average is $121.59. The company has a market capitalization of $57,557m. Visit the company website at: https://www.3m.com
The potential market cap would be $65,428m based on the market consensus.
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 5.75% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 10.25, revenue per share of 60.48 and a 7.48% return on assets.
