RPM International Reaches New 52-Week High at $47.43 (RPM)
Shares of RPM International (NYSE:RPM) hit a new 52-week high on Tuesday , Stock Ratings News reports. The company traded as high as $47.43 and last traded at $47.17, with a volume of 218,255 shares traded. The stock had previously closed at $47.13.
Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. RPM International currently has a consensus rating of “Buy” and a consensus target price of $48.75.
The stock’s 50-day moving average is $45.36 and its 200-day moving average is $43.49. The company has a market cap of $6.323 billion and a P/E ratio of 21.66.
RPM International (NYSE:RPM) last announced its earnings results on Monday, July 28th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter 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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