December 15th, 2015

Company Update: 3M Company (NYSE:MMM) – 3M Wins Patent Infringement Lawsuit Against Dental Direkt

[Business Wire] – 3M announced today that a court in Düsseldorf, Germany, has ordered an injunction and damages claim reaching back to December 2008 against Dental Direkt GmbH for infringement of 3M’s patented technology that enables the coloring of ceramic-based dental restorations. Read more on this. 3M Company (MMM) , with a current value of $103.02B, started the session at $170.01. Looking at today’s market, MMM one day range is $169.78 to $170.60 and has traded between $134.00 and $171.27 over the past year. MMM shares are currently priced at 20.58x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.45x earnings multiple for the same period. The company pays shareholders $4.44 per share in dividend income per year, for a current yield of 2.67%. 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. The full-year EPS estimate is $8.26, which would be a $0.68 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.73 Billion. If reported, that would be a 0.52% increase over the year-ago quarter. 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 0.94% above where the stock opened this morning. See more in (NYSE:MMM) Similar Articles: Company Update: 3M Company (NYSE:MMM) – Dentists File Class-Action Lawsuit Against 3M over Faulty Dental Crowns 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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