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Market Update: 3M Company (NYSE:MMM) – Command™ Brand from 3M Launches New Campaign with MC Hammer

[Business Wire] – To celebrate 20 years of providing damage-free organizing and decorating solutions, Command™ Brand from 3M has partnered with pop culture icon and “U Can’t Touch This” musician MC Hammer to help launch the brand’s new Do. Read more on this. 3M Company (MMM) , valued at $101.51B, started the session at $168.00. Shares have traded today between $167.40 and $168.39 per share with a trailing 52-week range being $134.00 to $170.77. Priced at 20.47x this year’s forecasted earnings, MMM shares are relatively expensive compared to the industry’s 16.44x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $4.44 per share annually in dividends, yielding 2.63%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $1.92 per share, which would be $0.07 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $8.24 is a $0.66 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.33 Billion. If reported, that would be a 3.30% decrease 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. Investors should keep in mind is that the average price target is $167.56, which is 0.26% below where the stock opened this morning. 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 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
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