RPM International Inc. (NYSE:RPM) finished Friday with an addition of $0.3 to close at $103.95, an upside of 0.29 percent. An average of 498,380 shares of common stock have been traded in the last five days. There was a gain of $1.18 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 797,490 shares traded, while the 50-day average volume stands at 647,250.
RPM stock has increased by 12.94% in the last month. The company shares reached their 1-month lowest point of $90.14 on 07/17/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $78.52 and a high of $107.40 in 52 weeks. It has reached a new high 4 times so far this year and achieved 6.67% or $6.50 in price. In spite of this, the price is down -3.21% from the 52-week high.
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Insider Transactions
RPM stock investors should be aware that RPM International Inc. (RPM) stock had its last reported insider trading activity 9 days ago on Aug 03. In this transaction, the insider spent $633,885. SVP, GC & CCO, Moore Edward W., disposed of 3,966 shares at a price of $103.02 on Aug 03. The insider now owns more than $408,573 worth of shares. Prior to that, Chairman and CEO SULLIVAN FRANK C went on to Sale 20,433 shares at $103.54 each on Aug 02. An amount of $2,115,584 was transacted.
Valuation Metrics
RPM International Inc. (RPM) has a trailing price-to-earnings (P/E) ratio of 27.91. The stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.85, the price-to-book (PB) ratio at 6.18, and the price-to-cash flow ratio at 80.61.
The company has a payout ratio of 43.90%. The company’s most recent quarterly dividend payment was $0.42 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday October 6 2022.
Financial Health
The quick ratio of RPM International Inc. for the three months ended May 30 was 1.40, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.17 and a total debt to equity ratio of 1.25 for the quarter ending May 30. RPM International Inc.’s EBITDA margin for the year ending May 30 is 12.91%, while its operating margin for the same period stands at 10.20%. Its gross profit as reported stood at $2.75 billion compared to revenue of $7.26 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, RPM International Inc.’s return on assets was 7.00%.
Earnings Surprise
For the three-month period that ended May 30, RPM International Inc. had $2.82 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $26.97 million in the quarter, while revenues of $131.34 million were shrunk -22.43%. The analyst consensus anticipated RPM International Inc.’s latest quarter earnings to come in at $1.3 per share, but it turned out to be $1.36, a 4.60% surprise. For the quarter, EBITDA amounted to $284.7 million. Shareholders own equity worth $129.05 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at RPM International Inc. (RPM) price momentum. RSI 9-day as of the close on 11 August was 67.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.25%.
As of today, RPM’s price is $103.48 +1.15% or $1.18 from its 5-day moving average. RPM is currently trading +13.84% higher than its 20-day SMA and +21.92% higher than its 100-day SMA. However, the stock’s current price level is +30.28% above the SMA50 and +15.35% above the SMA200.
The stochastic %K and %D were 74.09% and 73.94%, respectively, and the average true range (ATR) was 1.96. With the 14-day stochastic at 76.16% and the average true range at 2.02, the RSI (14) stands at 68.87%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at 0.36.
Analyst Ratings
Deutsche Bank upgraded RPM International Inc. (NYSE: RPM) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for RPM International Inc. (RPM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RPM, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
What is RPM’s price target for the next 12 months?
Analysts predict a range of price targets between $97.00 and $123.00, with a median target of $108.50. Taking a look at these predictions, the average price target given by analysts for RPM International Inc. (RPM) stock is $109.07.
