Analysts Set RPM International Inc. (NYSE:RPM) Price Target at $51.00
Shares of RPM International Inc. (NYSE:RPM) have received a consensus rating of “Hold” from the seven analysts that are currently covering the stock. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $51.00.
RPM has been the topic of a number of recent research reports. Morgan Stanley reissued a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. restated a “hold” rating on shares of RPM International in a research note on Monday, July 18th. Wellington Shields cut RPM International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Seaport Global Securities cut RPM International from an “accumulate” rating to a “neutral” rating and upped their price objective for the stock from $55.00 to $57.00 in a research note on Wednesday, August 10th.
Shares of RPM International (NYSE:RPM) opened at 53.56 on Thursday. The company has a market capitalization of $7.13 billion, a P/E ratio of 20.33 and a beta of 1.38. RPM International has a 1-year low of $36.78 and a 1-year high of $55.92. The firm’s 50 day moving average price is $53.63 and its 200-day moving average price is $51.27.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. RPM International had a return on equity of 28.11% and a net margin of 7.37%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that RPM International will post $2.77 EPS for the current year.
In other RPM International news, VP Matthew T. Ratajczak sold 4,152 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $54.04, for a total value of $224,374.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Barry Slifstein sold 1,000 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $54.27, for a total value of $54,270.00. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. BB&T Securities LLC acquired a new stake in RPM International during the first quarter worth approximately $1,322,000. Geode Capital Management LLC boosted its stake in RPM International by 3.5% in the first quarter. Geode Capital Management LLC now owns 801,545 shares of the company’s stock worth $37,937,000 after buying an additional 26,989 shares during the period. Norges Bank acquired a new stake in RPM International during the fourth quarter worth approximately $45,391,000. Nuveen Asset Management LLC boosted its stake in RPM International by 52.5% in the first quarter. Nuveen Asset Management LLC now owns 82,859 shares of the company’s stock worth $3,922,000 after buying an additional 28,522 shares during the period. Finally, Carnick & Kubik LLC boosted its stake in RPM International by 0.7% in the first quarter. Carnick & Kubik LLC now owns 6,872 shares of the company’s stock worth $325,000 after buying an additional 50 shares during the period. Institutional investors own 72.08% of the company’s stock.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.
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