Bank of America Issues Pessimistic Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPMGet Free Report) had its price objective dropped by investment analysts at Bank of America from $128.00 to $125.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Bank of America‘s target price would suggest a potential upside of 15.01% from the stock’s current price.

Several other brokerages have also recently issued reports on RPM. Citigroup dropped their target price on RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. BMO Capital Markets dropped their target price on RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Robert W. Baird raised RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 target price on the stock in a research report on Wednesday, March 4th. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a research report on Thursday, January 8th. Finally, UBS Group dropped their target price on RPM International from $119.00 to $108.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Eleven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and an average price target of $126.00.

Read Our Latest Research Report on RPM

RPM International Stock Up 12.4%

Shares of NYSE RPM opened at $108.69 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $13.92 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.38 and a beta of 1.10. The stock’s fifty day simple moving average is $106.97 and its two-hundred day simple moving average is $108.32. RPM International has a 12-month low of $92.92 and a 12-month high of $129.12.

RPM International (NYSE:RPMGet Free Report) last announced its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.22. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. As a group, analysts expect that RPM International will post 5.5 EPS for the current fiscal year.

Insider Activity at RPM International

In related news, VP Timothy R. Kinser sold 3,441 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the transaction, the vice president owned 21,248 shares in the company, valued at $2,343,866.88. This trade represents a 13.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. River Road Asset Management LLC purchased a new position in RPM International in the 4th quarter worth $6,658,000. State of Tennessee Department of Treasury raised its stake in RPM International by 12.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 49,711 shares of the specialty chemicals company’s stock worth $5,317,000 after acquiring an additional 5,571 shares during the last quarter. Jump Financial LLC purchased a new position in RPM International in the 4th quarter worth $1,026,000. California State Teachers Retirement System raised its stake in RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after acquiring an additional 49,979 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in RPM International by 3.6% in the 4th quarter. Russell Investments Group Ltd. now owns 62,270 shares of the specialty chemicals company’s stock worth $6,476,000 after acquiring an additional 2,165 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International News Summary

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About RPM International

(Get Free Report)

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.

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