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Stock Update (NYSE:MMM): 3M to Host Fall Protection Demonstrations During OSHA’s National Safety Stand-Down

[Business Wire] – 3M’s Capital Safety will host fall protection demonstrations throughout the U.S. May 2-6, 2016, during OSHA’s National Safety Stand-Down. Capital Safety has historically been involved in OSHA’s Stand Down and is proud to participate in this campaign to remind and educate employers and workers in the construction industry about the serious dangers of falls and dropped objects. Read more on this. 3M Company (MMM) , currently valued at $101.76B, began trading this morning at $167.01. A quick look at the market, the company’s stock traded between $166.94 and $168.40 with a trailing 52-week range being $134.00 to $168.40. 3M (MMM) shares are currently priced at 20.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.30x earnings multiple for the same period. And for passive income investors, the company pays shareholders $4.44 per share annually in dividends, yielding 2.66%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $1.92 per share, which would be $0.07 better than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $8.23 is a $0.65 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 $7.34 Billion. If realized, that would be a 3.17% decrease over the year-ago quarter. More recently, Credit Suisse upgraded MMM from Neutral to Outperform (Sep 25, 2015). Previously, UBS Initiated MMM at to Buy. The average price target for MMM shares by the analysts covering the stock is $163.38, which is 2.17% below where the stock opened this morning. See more in (NYSE:MMM) Similar Articles: Market Update: 3M Company (NYSE:MMM) – 3M Joins Forces of its Personal Safety Division and Capital Safety Business at World of Concrete Company Update (NYSE:MMM): 3M Files Lawsuit to Enforce Its Patent Rights in Paint Protection Films Stock Update (NYSE:MMM): 3M Announces New Leadership Appointment
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