December 15th, 2015

Company Update (NYSE:MMM): 3M Debuts 65-Inch 4K Multi-Touch Projected Capacitive Displays at InfoComm 2016

[Business Wire] – When it comes to upholding multi-touch display performance in heavy-use commercial settings, quality touch performance, design and dependability is key. Debuting this week at InfoComm 2016 in 3M booth N1947 is the 3M Multi-Touch Projected Capacitive Display C6587PW 65-inch with Ultrafine Metal Mesh Design. Read more on this. 3M Company (MMM) , valued at $103.67B, opened at $170.25. During the trading session, MMM traded between $170.11 to $171.00 with a trailing 52-week range being $134.00 to $171.27. MMM shares are currently priced at 20.59x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.96x earnings multiple. The company pays shareholders $4.44 per share annually in dividends, yielding 2.64%. 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 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. Recently, 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 $172.00, which is 1.03% above where the stock opened. See more in (NYSE:MMM) Similar Articles: Market Update: 3M Company (NYSE:MMM) – 3M Unveils One of Its Most Vivid, Responsive Multi-Touch Displays at the 2016 Digital Signage Expo 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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