3M Company (MMM) Analysts See $2.02 EPS

January 22, 2018 - By Kurt Siggers

 3M Company (MMM) Analysts See $2.02 EPS
Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It is negative, as 59 investors sold 3M Company shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported.
The Massachusetts-based Excalibur Management Corporation has invested 0.57% in 3M Company (NYSE:MMM). Mitchell Mcleod Pugh And Williams owns 1,974 shares or 0.3% of their US portfolio. Caz Invests Lp invested 1.22% in 3M Company (NYSE:MMM). Bahl And Gaynor invested 2.23% in 3M Company (NYSE:MMM). Guardian Inv Mgmt holds 3.74% in 3M Company (NYSE:MMM) or 16,128 shares. Schafer Cullen Cap Mgmt stated it has 1.36% of its portfolio in 3M Company (NYSE:MMM). Moreover, Mariner Wealth Limited Liability Corporation has 0.14% invested in 3M Company (NYSE:MMM) for 15,111 shares. Moreover, Fidelity Fincl has 1.86% invested in 3M Company (NYSE:MMM) for 40,325 shares. Baldwin Inv Mngmt Ltd Liability holds 0.44% of its portfolio in 3M Company (NYSE:MMM) for 5,541 shares. Horizon Investments Limited Company has invested 0.07% of its portfolio in 3M Company (NYSE:MMM). Bush Odonnell Advsr Inc accumulated 30,950 shares or 4.95% of the stock. Eagle Asset Mngmt reported 478,540 shares. Qs Investors invested in 13,074 shares. Amalgamated Commercial Bank invested in 0.46% or 70,241 shares. Shell Asset reported 206,767 shares.

Since August 11, 2017, it had 0 buys, and 8 selling transactions for $5.40 million activity. Gangestad Nicholas C also sold $936,291 worth of 3M Company (NYSE:MMM) shares. 400 shares were sold by Lindekugel Jon T, worth $92,023 on Tuesday, October 31. THULIN INGE G sold $1.59 million worth of stock. $351,708 worth of 3M Company (NYSE:MMM) shares were sold by Little Frank R Jr.. Keel Paul A sold $1.02M worth of 3M Company (NYSE:MMM) on Friday, August 11. Fong Ivan K sold 2,348 shares worth $547,377.

Analysts expect 3M Company (NYSE:MMM) to report $2.02 EPS on January, 23.They anticipate $0.14 EPS change or 7.45 % from last quarter’s $1.88 EPS. MMM’s profit would be $1.20 billion giving it 30.72 P/E if the $2.02 EPS is correct. After having $2.33 EPS previously, 3M Company’s analysts see -13.30 % EPS growth. The stock increased 0.92% or $2.27 during the last trading session, reaching $248.18. About 2.01 million shares traded. 3M Company (NYSE:MMM) has risen 18.59% since January 22, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

3M Company (NYSE:MMM) Ratings Coverage

Among 15 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 3M has $272.0 highest and $135 lowest target. $226.47’s average target is -8.75% below currents $248.18 stock price. 3M had 72 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Credit Suisse on Friday, April 28. As per Wednesday, July 26, the company rating was maintained by Citigroup. The stock has “Underweight” rating by Morgan Stanley on Wednesday, July 26. As per Monday, August 14, the company rating was maintained by Jefferies. On Wednesday, April 26 the stock rating was maintained by Stifel Nicolaus with “Hold”. UBS maintained 3M Company (NYSE:MMM) rating on Wednesday, March 30. UBS has “Buy” rating and $190 target. The stock has “Buy” rating by UBS on Wednesday, December 16. On Monday, October 9 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating given on Friday, July 24 by UBS. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Jefferies on Tuesday, April 12.

3M Company operates as a diversified technology firm worldwide. The company has market cap of $147.82 billion. The companyÂ’s Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; advanced ceramics; sealants; specialty materials; separation and purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products. It has a 27.7 P/E ratio. The Company’s Safety and Graphics Business segment provides personal protection products, traffic safety and security products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules for asphalt shingles, and fall protection products.

More notable recent 3M Company (NYSE:MMM) news were published by: Streetinsider.com which released: “3M Co. (MMM) Submits 510(k) Application for 24-Minute Readout for Steam …” on January 17, 2018, also Fool.com with their article: “Is 3M Company Stock a Buy for 2018?” published on January 02, 2018, Benzinga.com published: “Dow Earnings: Big Expectations For Caterpillar And 3M” on January 21, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Bizjournals.com and their article: “3M co-sponsoring networking session for 300 female college students during …” published on January 19, 2018 as well as Streetinsider.com‘s news article titled: “3M Co. (MMM) PT Jumps To $240 at Deutsche Bank” with publication date: January 10, 2018.

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