December 15th, 2015

Market Update: 3M Company (NYSE:MMM) – 3M Recognized as the "Top Dream Company" for Millennials

[Business Wire] – The National Society of High School Scholars Millennial Career Survey has identified 3M as the most preferred company to work for among respondents in 2016. The survey included 13,000 high school and college students and young professionals. Read more on this. 3M Company (MMM) , with a current market cap of $101.51B, opened at $167.29. Today’s price range has been between $166.60 and $167.81 per share and has traded between $134.00 and $171.93 over the past year. MMM shares are currently priced at 20.26x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.23x earnings multiple. And for dividend hunters, the company pays shareholders $4.44 per share annually in dividends, yielding 2.63%. 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. What we find to be interesting is that the full-year EPS estimate of $8.25 is a $0.67 improvement when compared to the previous 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. The average price target for MMM shares by the analysts covering the stock is $172.00, which is 2.82% above where the stock opened this morning. 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 Joins Forces of its Personal Safety Division and Capital Safety Business at World of Concrete Market Update: 3M Company (NYSE:MMM) – 3M Showcases Science on Display at CES 2016
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