Could The RMR Group Inc. (RMR) Skyrocket Even More? The Stock Just Made 52-Week High

April 18, 2018 - By reb123z

The stock of The RMR Group Inc. (NASDAQ:RMR) hit a new 52-week high and has $85.33 target or 7.00 % above today’s $79.75 share price. The 8 months bullish chart indicates low risk for the $2.49B company. The 1-year high was reported on Apr, 18 by If the $85.33 price target is reached, the company will be worth $173.95M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.06% or $0.05 during the last trading session, reaching $79.75. About 34,096 shares traded. The RMR Group Inc. (NASDAQ:RMR) has risen 41.33% since April 18, 2017 and is uptrending. It has outperformed by 29.78% the S&P500.

Analysts await The RMR Group Inc. (NASDAQ:RMR) to report earnings on May, 9. They expect $0.58 earnings per share, up 34.88 % or $0.15 from last year’s $0.43 per share. RMR’s profit will be $18.07M for 34.38 P/E if the $0.58 EPS becomes a reality. After $0.60 actual earnings per share reported by The RMR Group Inc. for the previous quarter, Wall Street now forecasts -3.33 % negative EPS growth.

The RMR Group Inc., through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. The company has market cap of $2.49 billion. It provides management services to its four publicly traded real estate investment trusts and three real estate operating companies. It has a 14.33 P/E ratio. As of September 30, 2017, the firm had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.

The RMR Group Inc. (NASDAQ:RMR) Ratings Chart

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