Company Update: 3M Company (NYSE:MMM) – 3M and Dangerous Decibels Host International Conference and Public Workshop on Hearing Loss and Prevention in Youth

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[Business Wire] – Public health experts, school nurses, teachers, students, audiologists, industrial hygienists and media from around the world will convene in St. Paul, Minn., Oct. 15-18 for the Innovations in Noise-Induced Hearing Loss and Tinnitus Prevention in Kids, a weeklong series of educational events hosted by 3M and Dangerous Decibels.
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3M Company (MMM), valued at $81.35B, started trading this morning at $118.56.

Today’s price range has been between $118.31 and $119.19 per share and has traded between $86.74 and $122.27 over the past year.

MMM shares are currently priced at 17.69x this year’s forecasted earnings,
which makes them relatively expensive compared to the industry’s -26.78x forward p/e ratio.

The company pays shareholders $2.54 per share in dividend income per year, for a current yield of 2.10% .

Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $1.76 per share, which would be $0.11 better than the year-ago quarter but a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.70 would be a $0.38 better 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 $7.85 Billion. If realized, that would be a 4.67% increase over the year-ago quarter.

Recently, Argus downgraded (MMM) from Buy to Hold (Oct 27, 2011).
Previously, Barclays Capital upgraded (MMM) from Equal Weight to Overweight. Bernstein upgraded (MMM) from Mkt Perform to Outperform.

The average price target for MMM shares by the analysts covering the stock is $121.53, which is 2.51% above where the stock opened this morning.

3M Company (NYSE:MMM), operates as a diversified technology company worldwide. It is company is involved in many areas; Industrial and Transportation, Health Care, Consumer and Office, Safety, Security and Protection Services, Display and Graphics, Electro and Communications and much more.

Tag Helper ~ Stock Code: MMM | Common Company name: 3M | Full Company name: 3M Company (NYSE:MMM) .

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