Market Update: 3M Company (NYSE:MMM) – New Turnout Gear Trim Made with 3M Scotchlite Helps Firefighters Move

[Business Wire] – As firefighters’ jobs have evolved, so has their need for high-performance gear that holds up to demanding service calls with extreme conditions. 3M™ Scotchlite™ Reflective Material — Series 5600 Fire Coat Comfort Trim is a segmented, stitch-free trim designed for greater flexibility and mobility. Read more on this. 3M Company (MMM) , with a current value of $102.18B, ended trading at $168.03. Looking at today’s trading action, the company’s one day range from $168.40 to $168.67 with a one year range of $134.00 to $168.67. MMM shares are currently priced at 20.42x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.30x forward p/e ratio. And for passive income investors, the company pays shareholders $4.44 per share annually in dividends, yielding 2.66%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $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 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.34 Billion. If reported, 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. With the above information in mind, readers should note that the average price target is $164.19, which is 2.29% below where the stock opened this morning. See more in (NYSE:MMM) Similar Articles: Market Update: 3M Company (NYSE:MMM) – 3M and Nobel Media Announce International Partnership Market Update: 3M Company (NYSE:MMM) – 3M to Sell Pressurized Polyurethane Foam Adhesives Business Market Update: 3M Company (NYSE:MMM) – 3M Showcases Science on Display at CES 2016
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