What’s Next for The RMR Group Inc. (RMR) After Making All-Time High?

April 17, 2018 - By Clifton Ray

The stock of The RMR Group Inc. (NASDAQ:RMR) reached all time high today, Apr, 17 and still has $81.52 target or 3.00 % above today’s $79.15 share price. This indicates more upside for the $2.47B company. This technical setup was reported by Barchart.com. If the $81.52 PT is reached, the company will be worth $73.98 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.67% or $1.3 during the last trading session, reaching $79.15. About 26,744 shares traded. The RMR Group Inc. (NASDAQ:RMR) has risen 41.33% since April 17, 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 $0.56 earnings per share, up 30.23 % or $0.13 from last year’s $0.43 per share. RMR’s profit will be $17.45M for 35.33 P/E if the $0.56 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 -6.67 % 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 $2.47 billion. It provides management services to its four publicly traded real estate investment trusts and three real estate operating companies. It has a 14.22 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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