RPM International Inc. (RPM) Hits New 52-Week High at $55.71
RPM International Inc. (NYSE:RPM)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $55.71 and last traded at $55.40, with a volume of 165,426 shares changing hands. The stock had previously closed at $55.02.
Several equities analysts have recently commented on RPM shares. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a research note on Thursday, June 16th. Zacks Investment Research cut RPM International from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th. Seaport Global Securities cut RPM International from an “accumulate” rating to a “neutral” rating and increased their target price for the company from $55.00 to $57.00 in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of RPM International in a research note on Monday, July 18th. Finally, Wellington Shields cut RPM International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $53.25.
The stock has a market cap of $7.26 billion and a PE ratio of 20.70. The stock has a 50-day moving average of $53.56 and a 200 day moving average of $49.41.
RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.12. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, equities analysts predict that RPM International Inc. will post $2.77 EPS for the current fiscal year.
In related news, SVP Edward W. Moore sold 22,547 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $53.90, for a total value of $1,215,283.30. Following the transaction, the senior vice president now directly owns 88,097 shares of the company’s stock, valued at approximately $4,748,428.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Barry Slifstein sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $54.27, for a total value of $54,270.00. The disclosure for this sale can be found here.
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.
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