RPM International (NYSE:RPM) Price Target Raised to $151.00

RPM International (NYSE:RPMGet Free Report) had its price target raised by stock analysts at BMO Capital Markets from $143.00 to $151.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 46.50% from the stock’s previous close.

A number of other research firms have also recently issued reports on RPM. Bank of America cut their price target on RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada lifted their price target on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $118.00 to $130.00 in a research note on Wednesday, May 27th. Citigroup increased their price target on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Weiss Ratings lowered shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

Read Our Latest Stock Report on RPM International

RPM International Trading Down 4.1%

Shares of RPM stock traded down $4.36 during mid-day trading on Thursday, hitting $103.07. The company’s stock had a trading volume of 588,653 shares, compared to its average volume of 986,717. The company’s fifty day simple moving average is $105.35 and its 200-day simple moving average is $106.28. RPM International has a 52 week low of $92.92 and a 52 week high of $129.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.44 and a current ratio of 2.28. The company has a market cap of $13.15 billion, a PE ratio of 19.86, a P/E/G ratio of 2.31 and a beta of 1.04.

RPM International (NYSE:RPMGet Free Report) last announced its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.83 by $0.06. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts expect that RPM International will post 5.47 earnings per share for the current fiscal year.

Institutional Trading of RPM International

Several institutional investors and hedge funds have recently bought and sold shares of the company. E. Ohman J or Asset Management AB grew its position in shares of RPM International by 36.4% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 4,306 shares of the specialty chemicals company’s stock valued at $479,000 after purchasing an additional 1,150 shares in the last quarter. GAMMA Investing LLC raised its position in shares of RPM International by 25.4% in the second quarter. GAMMA Investing LLC now owns 2,589 shares of the specialty chemicals company’s stock worth $288,000 after buying an additional 525 shares in the last quarter. Versant Capital Management Inc boosted its stake in RPM International by 36.0% during the second quarter. Versant Capital Management Inc now owns 1,050 shares of the specialty chemicals company’s stock valued at $117,000 after buying an additional 278 shares during the period. Cozad Asset Management Inc. grew its position in RPM International by 4.3% during the first quarter. Cozad Asset Management Inc. now owns 27,010 shares of the specialty chemicals company’s stock worth $2,685,000 after buying an additional 1,124 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in RPM International during the first quarter worth about $6,963,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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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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