Summary:
- 3M (MMM, Financial) beats earnings estimates, posting a non-GAAP EPS of $2.16.
- Analysts project a mixed outlook, with some suggesting potential downside.
- GuruFocus estimates reveal a significant potential gap between the current and fair value.
3M (MMM) recently reported robust financial results, with its non-GAAP earnings per share reaching $2.16, exceeding expectations by $0.15. This positive outcome underscores a potential revival to pre-pandemic valuation levels and hints at promising growth opportunities. Investors may find this performance uplifting amid ongoing market volatility.
Wall Street Analysts Forecast
In light of insight from 15 analysts, the average one-year price target for 3M Co (MMM, Financial) stands at $155.13, varying between a high of $184.00 and a low of $102.34. This average target suggests a potential downside of 2.46% compared to its current trading price of $159.04. For investors seeking deeper analysis, more detailed estimate data is available on the 3M Co (MMM) Forecast page.
Moreover, a consensus recommendation from 19 brokerage firms places 3M Co's (MMM, Financial) average brokerage recommendation at 2.3, indicating an "Outperform" status. The recommendation scale extends from 1, which means Strong Buy, to 5, representing Sell.
Evaluating the estimates provided by GuruFocus, the projected GF Value for 3M Co (MMM, Financial) over the next year is $78.88. This projection implies a potential downside of 50.4% from the current market price of $159.04. The GF Value is a calculation of the stock's fair trading value, derived from its historical trading multiples, prior business growth, and anticipated future performance. Investors can access a more comprehensive analysis on the 3M Co (MMM) Summary page.
