RBC Capital analyst Deane Dray maintained a Hold rating on 3M Company (NYSE:MMM) on Sunday, setting a price target of $193, which is approximately 11.74% above the present share price of $172.73.
Dray expects 3M Company to post earnings per share (EPS) of $2.45 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in 3M Company, with an average price target of $175.14.
The analysts price targets range from a high of $197 to a low of $150.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $8.35 billion and a net profit of $1.91 billion. The company's market cap is $102.17 billion.
According to TipRanks.com, RBC Capital analyst Deane Dray is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.2% and a 57.99% success rate.
3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment consists of electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment includes medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment products includes office supply products, stationery products, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.