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

RPM International (NYSE:RPMGet Free Report) had its price target decreased by research analysts at Bank of America from $128.00 to $125.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Bank of America‘s price objective suggests a potential upside of 15.01% from the company’s previous close.

A number of other brokerages also recently issued reports on RPM. BMO Capital Markets decreased their price objective 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. Zacks Research downgraded RPM International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Morgan Stanley restated a “buy” rating on shares of RPM International in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a research report on Friday, March 27th. Finally, 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 note on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, RPM International currently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

Get Our Latest Stock Analysis on RPM

RPM International Trading Up 12.4%

Shares of RPM stock opened at $108.69 on Thursday. RPM International has a 1 year low of $92.92 and a 1 year high of $129.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. The stock’s 50 day simple moving average is $106.97 and its two-hundred day simple moving average is $108.32. The company has a market cap 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.

RPM International (NYSE:RPMGet Free Report) last issued its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.22. RPM International had a return on equity of 22.49% and a net margin of 8.79%.The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts predict that RPM International will post 5.5 earnings per share for the current year.

Insider Activity at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the transaction, the vice president owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. This represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in RPM International in the third quarter worth approximately $30,000. Versant Capital Management Inc grew its stake in RPM International by 48.6% in the third quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 90 shares in the last quarter. Ares Financial Consulting LLC bought a new position in RPM International in the fourth quarter worth approximately $37,000. Rothschild Investment LLC grew its stake in RPM International by 2,387.0% in the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 549 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in RPM International in the fourth quarter worth approximately $60,000. 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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