Market Update: 3M Company (NYSE:MMM) – 3M Annual Meeting Highlights 2015 Achievements and Execution of the 3M Playbook

[Business Wire] – 3M Chairman, President and CEO Inge G. Thulin today highlighted 3M’s solid 2015 performance while focusing on the company’s execution of the 3M Playbook to deliver efficient growth. Read more on this. 3M Company (MMM) , valued at $103.27B, opened at $169.23. A quick look at the market, the company’s stock traded between $169.00 and $170.39 with its 52-week range being $134.00 to $170.77. Priced at 20.40x this year’s forecasted earnings, MMM shares are relatively expensive compared to the industry’s 16.50x forward p/e ratio. And for passive income investors, the company pays shareholders $4.44 per share annually in dividends, yielding 2.63%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $2.07 per share, which would be $0.05 better than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $8.26, which would be a $0.68 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.73 Billion. If realized, that would be a 0.52% increase 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. When considering if perhaps the stock is under or overvalued, the average price target is $171.60, which is 1.40% above where the stock opened this morning. See more in (NYSE:MMM) Similar Articles: Company Update (NYSE:PFE): Pfizer Celebrates a Year of Achievements in 2015 Annual Review Stock Update (NYSE:MMM): 3M Updates Full-Year 2015 Guidance; Company Projects 7 to 12 Percent Earnings Growth in 2016 Company Update (NYSE:MMM): 3M Named a 2015 Top 100 Global Innovator by Thompson Reuters