3M, the innovation company that never stops inventing, today announced that two of its recent technologies have been honored by the prestigious Edison Awards, a global competition for honoring exceptional creativity and ingenuity.
3M Company (MMM), valued at $92.21B, began trading this morning at $139.50.
Looking at the equity, the company’s one day range is $139.12 to $141.12 and has traded between $104.91 and $141.12 over the past year.
Priced at 18.67x this year’s forecasted earnings, MMM shares are relatively inexpensive compared to the industry’s 26.09x forward p/e ratio.
And for passive income investors, the company pays shareholders $3.42 per share annually in dividends, yielding 2.50%.
According to a consensus of 14 analysts, the earnings estimate of $1.91 per share would be $0.20 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $7.45 would be a $0.73 better when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.09 Billion. If reported, that would be a 4.39% increase over the year-ago quarter.
Recently, Argus downgraded MMM from Buy to Hold (Oct 27, 2011). Previously, Barclays Capital Initiated MMM at to Equal Weight.
The average price target for MMM shares by iAbrasive analysts covering the stock is $144.32, which is 3.46% above where the stock opened this morning.
See more at: http://www.iabrasive.com/.