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Market Update: 3M Company (NYSE:MMM) – 3M Unveils One of Its Most Vivid, Responsive Multi-Touch Displays at the 2016 Digital Signage Expo

[Business Wire] – Visitors attending the 2016 Digital Signage Expo in Las Vegas this week will be the first to see how 3M ingenuity helps make digital signage come alive in large-format, multi-touch displays. Read more on this. 3M Company (MMM) , valued at $98.14B, started trading this morning at $160.16. Today’s price range has been between $159.35 and $162.40 per share and has traded between $134.00 and $167.70 over the past 12 months. MMM shares are currently priced at 19.68x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.83x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $4.44 per share annually in dividends, yielding 2.74%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.93 per share, which would be $0.08 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $8.22 is a $0.64 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. In terms of ratings, 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 it is $157.81, which is 1.47% below where the stock opened. 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 Showcases Science on Display at CES 2016 Stock Update (NYSE:MMM): 3M Updates Full-Year 2015 Guidance; Company Projects 7 to 12 Percent Earnings Growth in 2016
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