MMM Stock Price Today & Future Trends Tactical Investor

Editor: Vladimir Bajic | Tactical Investor

MMM Stock Price Today & Future Trends

3M is a multinational conglomerate that has operated since 1902 when it was known as Minnesota Mining and Manufacturing. As of 2019, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. About 60% of the company’s revenue comes from outside the United States, with the safety and industrial segment constituting most of the firm’s net sales. Morning Star

It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. 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 include 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. money.cnn.com

3M EPS Earnings Projections

MMM like most companies in the consumables sector is expected to take a drubbing, at least, as far as its earnings are concerned. So its no wonder the EPS is projected to trend downwards until early 2021. Having said that, stocks tend to price the worst long before the turnaround kicks in. Hence, long term investors would be well advised to establish positions in this company during the current panic stage. One should buy when the masses are in a state of disarray. EPS is set to trend upwards after 2021 so the overall long term outlook for this stock is bullish.

MMM Analyst price targets

Nothing much to add here other than the analysts are generally on the wrong side of the fence. Hence take whatever they say with a jar of salt. Their mean target is 151.56, we suspect that in 12 months MMM will be trading north of 222 and as high as 240.00

MMM Stock Price Today & Future Trends

From a long term perspective, 3M is a screaming buy as it’s trading in the insanely oversold ranges on the monthly charts. One should buy when there is blood flowing on the streets and sell when the masses are jumping up in joy. A monthly close above 180 will indicate that the stock is ready to trend upwards and should result in a test of the 222 to 228 ranges with a possible overshoot all the way to 240.00. We would use strong pullbacks to add to or open new positions.

Random Article Of Interest

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MMM Stock Price Today & Future Trends

3M EPS Earnings Projections

MMM Analyst price targets

MMM Stock Price Today & Future Trends

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