Somewhat Favorable News Coverage Somewhat Unlikely to Impact RPM International (RPM) Stock Price
News headlines about RPM International (NYSE:RPM) have been trending somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. RPM International earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 45.8172661364014 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- RPM Announces Offering of $300 Million of 4.250% Notes due 2048 – Business Wire (press release) (businesswire.com)
- TheStreet Upgrades RPM International (RPM) to B- (americanbankingnews.com)
- Moody’s Assigns Baa3 to RPM International’s New Senior Unsecured Notes (moodys.com)
- Global And Japan Decorative Concrete Market By Material – Stamped Concrete, Stained Concrete, Concrete Overlays, Colored Concrete & Polished Concrete (mynewsdesk.com)
Several equities research analysts recently weighed in on the company. TheStreet upgraded RPM International from a “c+” rating to a “b-” rating in a report on Tuesday. Royal Bank Of Canada restated a “hold” rating and issued a $51.00 target price on shares of RPM International in a report on Wednesday, November 15th. Zacks Investment Research upgraded RPM International from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Robert W. Baird restated a “hold” rating and issued a $56.00 target price on shares of RPM International in a report on Friday, September 1st. Finally, Wellington Shields upgraded RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $57.33.
Shares of RPM International (NYSE:RPM) traded up $0.08 during mid-day trading on Friday, hitting $53.56. The stock had a trading volume of 343,211 shares, compared to its average volume of 526,170. RPM International has a one year low of $47.87 and a one year high of $56.48. The firm has a market capitalization of $7,141.49, a price-to-earnings ratio of 21.06, a PEG ratio of 2.38 and a beta of 1.53. The company has a current ratio of 2.16, a quick ratio of 1.38 and a debt-to-equity ratio of 1.20.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. RPM International had a return on equity of 24.73% and a net margin of 3.67%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. equities analysts expect that RPM International will post 2.86 EPS for the current fiscal year.
In other news, insider Ronald A. Rice sold 44,839 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $51.83, for a total transaction of $2,324,005.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by insiders.
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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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