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Market Update: 3M Company (NYSE:MMM) – 3M Joins Forces of its Personal Safety Division and Capital Safety Business at World of Concrete

[Business Wire] – 3M’s Personal Safety Division and 3M’s Capital Safety business, two of the industry ’s leaders in personal protective equipment and fall protection products, will be joining forces to showcase their latest safety products and innovations at World of Concrete 2016, Tuesday, Feb. Read more on this. 3M Company (MMM) , with a current value of $90.46B, opened this morning at $144.95. Looking at the stock, its one day range is $144.05 to $147.97 with its 52-week range being $134.00 to $170.50. MMM shares are currently priced at 17.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.73x earnings multiple for the same period. The company pays shareholders $4.10 per share annually in dividends, yielding 2.94%. According to a consensus of 10 analysts, the earnings estimate of $1.94 per share would be $0.09 better than the year-ago quarter and a $0.10 sequential decrease. Investors should also note that the full-year EPS estimate of $8.22 is a $0.64 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.41 Billion. If realized, that would be a 2.24% decrease over the year-ago quarter. Recently, Credit Suisse upgraded MMM from Neutral to Outperform (Sep 25, 2015). Previously, UBS Initiated MMM at to Buy. Investors should keep in mind is that the average price target is $159.73, which is 10.20% above where the stock opened this morning. See more in (NYSE:MMM) Similar Articles: Market Update: 3M Company (NYSE:MMM) – 3M to Sell Pressurized Polyurethane Foam Adhesives Business Company Update (NYSE:MMM): 3M Introduces Active Safety Market Update: 3M Company (NYSE:MMM) – 3M Completes Acquisition of Capital Safety
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