RPM International Hits New 1-Year High at $46.92 (RPM)
Shares of RPM International (NYSE:RPM) hit a new 52-week high on Thursday , American Banking News.com reports. The company traded as high as $46.92 and last traded at $46.83, with a volume of 175,904 shares. The stock had previously closed at $46.64.
RPM has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of RPM International in a research note on Thursday, July 31st. They now have a $45.00 price target on the stock, up previously from $42.00. Separately, analysts at Morgan Stanley raised their price target on shares of RPM International from $46.00 to $50.00 in a research note on Tuesday, July 29th. Finally, analysts at Credit Suisse raised their price target on shares of RPM International from $50.00 to $52.00 in a research note on Tuesday, July 29th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $48.75.
The stock has a 50-day moving average of $45.06 and a 200-day moving average of $43.09. The company has a market cap of $6.248 billion and a price-to-earnings ratio of 21.43.
RPM International (NYSE:RPM) last released its earnings data on Monday, July 28th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts expect that RPM International will post $2.41 EPS for the current fiscal year.
RPM International Inc (NYSE:RPM) through its subsidiaries manufactures, markets and sells various specialty chemical product lines.
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