Somewhat Positive News Coverage Somewhat Unlikely to Affect RPM International (RPM) Stock Price
Press coverage about RPM International (NYSE:RPM) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. RPM International earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media headlines about the specialty chemicals company an impact score of 46.2303702085415 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- United States Architectural Concrete Market 2017 By Production, Value, Supply or Demand 2022 Forecasts: Global QYResearch (mynewsdesk.com)
- Robert W. Baird Reiterates Hold Rating for RPM International Inc. (RPM) (americanbankingnews.com)
- Brokerages Expect RPM International Inc. (RPM) Will Post Quarterly Sales of $1.33 Billion (americanbankingnews.com)
- Checking on the Signals for RPM International Inc (RPM) – Financial News Review (finnewsreview.com)
- Stock Moving Towards 52-Week Low RPM International Inc. (NYSE:RPM) – Sparta Review (spartareview.com)
Shares of RPM International (NYSE RPM) traded up 0.55% on Friday, reaching $49.24. The company had a trading volume of 682,180 shares. RPM International has a 52 week low of $46.25 and a 52 week high of $56.48. The stock’s 50 day moving average is $50.83 and its 200 day moving average is $53.04. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 36.07 and a beta of 1.55.
RPM International (NYSE:RPM) last announced its quarterly earnings data on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. On average, equities analysts anticipate that RPM International will post $2.88 EPS for the current year.
A number of research analysts recently issued reports on RPM shares. Zacks Investment Research downgraded RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Seaport Global Securities upgraded RPM International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $60.00 in a report on Tuesday, May 16th. BidaskClub downgraded RPM International from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Bank of America Corporation reduced their price target on RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $49.00 price target on shares of RPM International in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.71.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the sale, the senior vice president now owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.
RPM International Company Profile
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, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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