Morgan Stanley (NYSE:MS) analyst Joshua Pokrzywinski maintained a Hold rating on 3M Company (NYSE:MMM) on Monday, setting a price target of $200, which is approximately 1.01% above the present share price of $198.
Pokrzywinski expects 3M Company to post earnings per share (EPS) of $2.40 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Hold rating of shares in 3M Company, with an average price target of $195.5.
The analysts price targets range from a high of $205 to a low of $180.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $8.58 billion and a net profit of $1.85 billion. The company's market cap is $114.72 billion.
According to TipRanks.com, Morgan Stanley analyst Joshua Pokrzywinski is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.2% and a 62.15% success rate.
Founded in 1902, Minnesota-based 3M Company manufactures and sells industrial, safety and consumer products worldwide. It operates through multiple business segments including, Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The company offers its products directly to users and through various e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers.