Stock Update (NYSE:MMM): 3M Elects Two New Members to Board of Directors

[Business Wire] – 3M announced today that Gregory R. Page, executive director of Cargill Inc., and Patricia A. Woertz, retired chairman of the board and chief executive officer, Archer-Daniels-Midland Company, have been elected to its board of directors, as of Feb. Read more on this. 3M Company (MMM) , currently valued at $90.63B, started trading this morning at $149.33. Shares have traded today between $148.10 and $149.79 per share with the price of the stock fluctuating between $134.00 to $170.50 over the last 52 weeks. 3M (MMM) shares are currently priced at 17.90x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 13.67x earnings multiple for the same period. And for income investors, the company pays shareholders $4.10 per share annually in dividends, yielding 2.72%. In a review of the consensus earnings estimate this quarter, 14 sell-side analysts are looking at $1.92 per share, which would be $0.07 better than the year-ago quarter and a $0.12 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $8.23 would be a $0.65 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.35 Billion. If reported, that would be a 3.03% 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. When considering if perhaps the stock is under or overvalued, the average price target is $160.13, which is 7.23% above where the stock opened this morning. See more in (NYSE:MMM) Similar Articles: Stock Update (NYSE:MMM): 3M Doubles Safety Gloves Portfolio with Three New Products Stock Update (NYSE:CL): Colgate Declares Regular Quarterly Dividend and Elects Lorrie Norrington to Board of Directors Company Update (NYSE:MMM): David B. Dillon Elected to 3M Board of Directors