Market Update: 3M Company (NYSE:MMM) – 3M Showcases Science on Display at CES 2016

[Business Wire] – 3M is showcasing its electronics design optimization and assembly solutions for the consumer electronics industry this week in Las Vegas at CES, taking place Jan. 6 – 9. Exhibiting in booth 31411 and demonstrating in its product showcase suites, 3M will display the science behind how 3M enables companies in the consumer electronics and automotive industries to design with freedom by bridging consumer … Read more on this. 3M Company (MMM) , valued at $90.17B, started trading this morning at $146.82. Looking at today’s market, MMM one day range is $146.39 to $147.22 and has traded between $134.00 and $170.50 over the past 12 months. MMM shares are currently priced at 19.45x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.58x earnings multiple for the same period. And for passive income investors, the company pays shareholders $4.10 per share annually in dividends, yielding 2.72%. According to a consensus of 14 analysts, the earnings estimate of $1.62 per share would be $0.19 worse than the year-ago quarter and a $0.26 sequential decrease. The full-year EPS estimate is $7.55 which would be a $0.06 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.21 Billion. If reported, that would be a 6.61% decrease over the year-ago quarter. In terms of ratings, Credit Suisse upgraded MMM from Neutral to Outperform (Sep 25, 2015). Previously, UBS Initiated MMM at to Buy. Given all the information above, we should disclose to readers that the average price target is $160.07, which is 9.02% above than it opened this morning. See more in (NYSE:MMM) Similar Articles: Stock Update (NYSE:MMM): 3M Updates Full-Year 2015 Guidance; Company Projects 7 to 12 Percent Earnings Growth in 2016 Market Update: 3M Company (NYSE:MMM) – 3M Invests in StrongArm Technologies Inc. Market Update: 3M Company (NYSE:MMM) – 3M Completes Acquisition of Capital Safety