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NEW YORK (TheStreet) -- 3M (MMM) stock closed down by 1.14% to $164.39 in Tuesday's trading session, after the company reaffirmed its full-year 2016 earnings outlook of between $8.10 and $8.45 per share. 

Analysts are anticipating that the manufacturer of Post-it and Scotch office products will report earnings of $8.22 per share, according to MarketWatch. 

The company's five-year growth targets are between 8% and 11% for per-share earnings and between 2% and 5% for local-currency sales. 

3M projects that return on invested capital will grow by 20% in five years and free cash flow conversion will be 100%.

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TheStreet Recommends

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B+.

3M's strengths such as its notable return on equity, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: MMM

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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