Royal Bank Of Canada Forecasts Strong Price Appreciation for RPM International (NYSE:RPM) Stock

RPM International (NYSE:RPMGet Free Report) had its price target hoisted by analysts at Royal Bank Of Canada from $126.00 to $128.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 24.02% from the company’s current price.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets reduced their price objective on shares of RPM International from $148.00 to $143.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Morgan Stanley increased their target price on RPM International from $118.00 to $121.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Zacks Research raised shares of RPM International from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Citigroup increased their price target on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, RPM International presently has a consensus rating of “Moderate Buy” and an average price target of $126.83.

Read Our Latest Report on RPM

RPM International Trading Down 3.9%

NYSE RPM traded down $4.22 during mid-day trading on Thursday, hitting $103.20. The company’s stock had a trading volume of 477,446 shares, compared to its average volume of 985,878. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. RPM International has a 52-week low of $92.92 and a 52-week high of $129.12. The stock’s fifty day simple moving average is $105.35 and its two-hundred day simple moving average is $106.28. The firm has a market capitalization of $13.17 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04.

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

Hedge Funds Weigh In On RPM International

Several large investors have recently modified their holdings of RPM. PFA Pension Forsikringsaktieselskab purchased a new position in RPM International in the fourth quarter worth about $54,307,000. California State Teachers Retirement System increased its position in RPM International by 14.5% in the fourth quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after purchasing an additional 49,979 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of RPM International by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after purchasing an additional 888 shares during the last quarter. Danske Bank A S raised its stake in shares of RPM International by 13.7% in the fourth quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock valued at $17,416,000 after acquiring an additional 20,176 shares during the period. Finally, Life Cycle Investment Partners Ltd bought a new position in shares of RPM International during the fourth quarter valued at approximately $16,175,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International News Roundup

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RPM International Company Profile

(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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