RBC Capital took its RPM International [RPM] rating to the equivalent of Sector Perform from Outperform, and the price target to $98.0 from $102, in a research note dated 2021-01-08. That figure represents around a 11.33% premium from where the company’s shares closed on Thursday. Some new analysts also started their coverage, with Evercore ISI’s analysts assigning the shares to “an In-line” rating in a research note to investors issued in late September. Meanwhile, RBC Capital Mkts had raised its rating on RPM to “an Outperform” from the earlier “Sector perform”, in a research note produced for clients March 26, 2020. In addition, there was a downgrade from BofA/Merrill on March 23, 2020. The rater changed RPM from “a Buy” to “a Neutral”.
Is RPM International Inc. [NYSE:RPM] a Good Buy Right Now?
It should be noted that RPM technical indicators for short, intermediate as well as long term progress have placed an overall average of 64% as Buy. The average signal changed from 88% Buy in the last week and compares with 56% Buy in the past month. Data from RPM International Inc.’s Trend Spotter indicated that the signals were Bullish. The stock current average is 0.56 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.49 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.51 million shares.
RPM Price Performance
On Wall Street, RPM International Inc. [NYSE:RPM] finished Thursday’s session up 0.85% at $88.04. The stock went up to $89.26 at the same session while its lowest single day price was $87.51. In the last five days, it saw a fall of about -2.72%, RPM International Inc. shares dropped by almost -3.02% since the beginning of the year. However, the share price has dropped to as low as -10.48% below its one year high. On 01/04/21, the company shares recorded $91.77, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $86.02. The company’s shares have inclined by 19.42% in the past year. The 50-day SMA achieved is $88.47 while the 200-day SMA is $79.51. Volume dropped to 1.02 million from 1.42 million in the previous session.
RPM International Inc. [RPM] Valuation Measures
Notably, RPM International Inc. [RPM] stock cannot be classified as a good candidate in the listing of underestimated low-priced Specialty Chemicals companies to purchase soonest possible with the prevailing 12-month PE ratio of 30.32. The measure means the stock is exchanging at a premium as compared to the 23.66x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.02 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.38 which means RPM serve an unattractive investment opportunity compared to its competitors.
RPM Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 87.28 level, and in case of violation of this particular level, it will cause more drop to 86.52 level. On the upper level, 90.02 is still the key resistance. The stock may increase to the subsequent resistance at 89.03. The Relative Strength Index (RSI) pinned on the 14-day chart is 47.01, implying a neutral technical stance while the MACD stands at -1.18, meaning price will decrease in the next trading period. Percent R indicator moved to 64.87%, implying low price movement. Stochastic %K at 36.19% suggest selling the stock.
What is the short interest in RPM International Inc.?
Short interest in the RPM International Inc. stock has surged, increasing by 70000.0 shares to total 1.04 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.11 million, data from Yahoo Finance shows. The decrease of -6.73% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 0.91% of the overall float for the stock.
RPM International Inc.’s Biggest Shareholders: Who Owns RPM International Inc. [RPM]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 12,478,931 shares or roughly 9.60% of the outstanding RPM shares. This means their shares have reduced by -614,412 from the 12,478,931 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $918,775,642. Details in the latest 13F filings reveal that Aristotle Capital Management LLC acquired their 1.69% stake valued at $819,833,128 while T. Rowe Price Associates, Inc. cut theirs at $621,463,605. During the last quarter, Aristotle Capital Management LLC raised 154,785 of its shares in RPM International Inc. while T. Rowe Price Associates, Inc. sold -2,992,650 shares. The SSgA Funds Management, Inc.’s holdings currently number 5,400,888 shares at $475494179.52. According to the firm’s last 13F report, Atlanta Capital Management Co. LL shares in the company at filing stood at 4,307,900 shares, roughly $379,138,279.
RPM Earnings Forecast For The Current Quarter
RPM International Inc. [RPM] is expected to report strong earnings results for the quarter ending on Feb 2021. Consensus estimates give the company expected revenues of $1.23B and an earnings per share of $0.34 for Feb 2021. Looking further ahead, the company is expected to report revenue of $1.62B at an EPS of $1.4 for May 2021. The estimates represent upside of 2.80% and 10.63% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
RPM Earnings Estimates For The Current Year
For the financial year, RPM International Inc. [NYSE:RPM] is expected to bring in revenue of $5.95B. The returns are nearly $440.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 4.21, higher than that of FY20 by $1.14. Estimates put this year’s earnings growth at 37.10%, 10.90% for the next, and at an annual 13.63% over the next 5-year period. As for sales, forecasts are for an increase of 8.00% in the current fiscal year and a further 2.80% over the following year.