December 15th, 2015

Company Update: 3M Company (NYSE:MMM) – Dentists File Class-Action Lawsuit Against 3M over Faulty Dental Crowns

[PR Newswire] – MINNEAPOLIS, May 17, 2016 /PRNewswire/ — Dentists from Georgia and Texas have filed a proposed class-action lawsuit in Minnesota federal court against Minneapolis-based 3M Co. (NYSE: MMM), claiming that … Read more on this. 3M Company (MMM) , with a current market cap of $102.31B, opened at $169.57. Today, shares have traded between $168.63 and $169.94 per share with its 52-week range being $134.00 to $171.27. 3M (MMM) shares are currently priced at 20.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.81x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $4.44 per share annually in dividends, yielding 2.64%. According to a consensus of 16 analysts, the earnings estimate of $2.07 per share 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. In terms of ratings, 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 1.20% above where the stock opened this morning. See more in (NYSE:MMM) Similar Articles: Market Update (NYSE:BA): GPM Reminds Investors of the April 22 Deadline in the Class Action Lawsuit Against The Boeing Company Company Update: 3M Company (NYSE:MMM) – 3M Company and 3M United Kingdom PLC Announce Resolution of Environmental Lawsuit Related to Fire Fighting Foams Company Update (NYSE:MMM): 3M Files Lawsuit to Enforce Its Patent Rights in Paint Protection Films
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