NYSE: MMM3M Co Stock Forecast, Predictions & Price Target
Analyst price target for MMM
Based on 9 analysts offering 12 month price targets for 3M Co.
Min Forecast
$157.00-7.54%
Avg Forecast
$169.33-0.28%
Max Forecast
$180.00+6.01%
Should I buy or sell MMM stock?
Sell
Strong Buy
0 analysts 0.00%
Buy
0 analysts 0.00%
Hold
7 analysts 77.78%
Sell
0 analysts 0.00%
Strong Sell
2 analysts 22.22%
Forecast return on equity
Is MMM forecast to generate an efficient return?
Company
60.13%
Industry
39.54%
Market
0.13%
MMM's Return on Equity is forecast to be high in 4 years (60.13%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast
Forecast return on assets
Is MMM forecast to generate an efficient return on assets?
Company
14.48%
Industry
11.32%
Market
11.56%
MMM is forecast to generate higher Return on Assets (14.48%) than the US Specialty Industrial Machinery industry average (11.32%)
Forecast
MMM earnings per share forecast
What is MMM's earnings per share in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$8.37-6.06%
Avg 2 year Forecast
$9.09+1.97%
Avg 3 year Forecast
$9.83+10.27%
MMM's earnings are forecast to grow at a rate of 3.29% per year, which is not exceptional
Forecast
MMM revenue forecast
What is MMM's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$32.2B+2.65%
Avg 2 year Forecast
$33.8B+7.73%
Avg 3 year Forecast
$35.0B+11.66%
MMM's revenue is forecast to grow at a rate of 3.81% per year, which is not exceptional
Forecast
MMM earnings growth forecast
How is MMM forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
3.29%
Industry
6.41%
Market
15.13%
MMM's earnings are forecast to grow slower (3.29% per year) than the US Specialty Industrial Machinery industry average (6.41%)
Forecast
MMM's earnings are forecast to grow slower (3.29% per year) than the US market average (15.13%)
Forecast
MMM revenue growth forecast
How is MMM forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
3.81%
Industry
1.09%
Market
5.62%
MMM's revenues are forecast to grow faster (3.81% per year) than the US Specialty Industrial Machinery industry average (1.09%)
Forecast
MMM's revenues are forecast to grow slower (3.81% per year) than the US market average (5.62%)
Forecast
3M Stock Forecast FAQ
Is 3M Stock a good buy in 2020, according to Wall Street analysts?
The consensus among 9 Wall Street analysts covering (NYSE: MMM) stock is to Sell MMM stock.
Out of 9 analysts, 0 (0.00%) are recommending MMM as a Strong Buy, 0 (0.00%) are recommending MMM as a Buy, 7 (77.78%) are recommending MMM as a Hold, 0 (0.00%) are recommending MMM as a Sell, and 2 (22.22%) are recommending MMM as a Strong Sell.
What is MMM's Price Target?
According to 9 Wall Street analysts that have issued a 1 year MMM price target, the average MMM price target is $169.33, with the highest MMM stock price forecast at $180.00 and the lowest MMM stock price forecast at $157.00.
On average, Wall Street analysts predict that 3M's share price could fall to $169.33 by Oct 15, 2021. The average 3M stock price prediction forecasts a potential downside of 0.28% from the current MMM share price of $169.80.
What is MMM's earnings growth forecast for 2020-2022?
(NYSE: MMM) 3M's forecast annual earnings growth rate of 3.29% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 6.41%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 15.13%.
3M's earnings in 2020 is $5,134,000,000.On average, 7 Wall Street analysts forecast MMM's earnings for 2020 to be $4,814,393,625, with the lowest MMM earnings forecast at $4,687,850,424, and the highest MMM earnings forecast at $5,004,208,428. On average, 7 Wall Street analysts forecast MMM's earnings for 2021 to be $5,226,061,668, with the lowest MMM earnings forecast at $4,900,673,081, and the highest MMM earnings forecast at $5,665,684,254.
In 2022, MMM is forecast to generate $5,651,304,345 in earnings, with the lowest earnings forecast at $5,395,341,960 and the highest earnings forecast at $6,125,841,351.
What is MMM's revenue growth forecast for 2020-2022?
(NYSE: MMM) 3M's forecast annual revenue growth rate of 3.81% is forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 1.09%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 5.62%.
3M's revenue in 2020 is $31,353,000,000.On average, 4 Wall Street analysts forecast MMM's revenue for 2020 to be $18,512,069,386,983, with the lowest MMM revenue forecast at $18,250,722,013,463, and the highest MMM revenue forecast at $18,906,704,714,770. On average, 5 Wall Street analysts forecast MMM's revenue for 2021 to be $19,428,353,754,808, with the lowest MMM revenue forecast at $18,907,279,911,141, and the highest MMM revenue forecast at $20,137,624,948,710.
In 2022, MMM is forecast to generate $20,136,216,867,994 in revenue, with the lowest revenue forecast at $19,698,790,381,383 and the highest revenue forecast at $20,796,799,989,876.
What is MMM's Earnings Per Share (EPS) forecast for 2020-2022?
(NYSE: MMM) 3M's current Earnings Per Share (EPS) is $8.91. On average, analysts forecast that MMM's EPS will be $8.37 for 2020, with the lowest EPS forecast at $8.15, and the highest EPS forecast at $8.70. On average, analysts forecast that MMM's EPS will be $9.09 for 2021, with the lowest EPS forecast at $8.52, and the highest EPS forecast at $9.85. In 2022, MMM's EPS is forecast to hit $9.83 (min: $9.38, max: $10.65).
What is MMM's forecast return on equity (ROE) for 2020-2023?
(NYSE: MMM) forecast ROE is 60.13%, which is considered strong.
What is MMM's forecast return on assets (ROA) for 2020-2023?
(NYSE: MMM) forecast ROA is 14.48%, which is higher than the forecast US Specialty Industrial Machinery industry average of 11.32%.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
