RPM International (NYSE:RPM) Price Target Raised to $125.00

RPM International (NYSE:RPM) had its target price upped by investment analysts at Royal Bank Of Canada from $120.00 to $125.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada‘s target price suggests a potential upside of 17.31% from the company’s current price.

Other equities analysts have also issued reports about the stock. Morgan Stanley lowered their price target on shares of RPM International from $117.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Monday, September 28th. Citigroup cut their price target on shares of RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. BMO Capital Markets lifted their price objective on RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Bank of America increased their price objective on RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company cut their target price on RPM International from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and a consensus price target of $122.07.

RPM International Stock Performance

Shares of NYSE RPM traded up $0.17 during midday trading on Tuesday, reaching $106.55. 155,784 shares of the stock were exchanged, compared to its average volume of 1,086,102. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.94 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57. The firm has a 50-day simple moving average of $100.70 and a two-hundred day simple moving average of $105.27. RPM International has a twelve month low of $92.92 and a twelve month high of $121.78.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.03. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. RPM International’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts anticipate that RPM International will post 5.93 EPS for the current fiscal year.

Institutional Trading of RPM International

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in RPM International in the 2nd quarter valued at about $1,456,684,000. Bank of New York Mellon Corp acquired a new position in shares of RPM International during the 2nd quarter valued at about $118,220,000. Legal & General Group Plc purchased a new position in shares of RPM International during the 2nd quarter worth about $37,713,000. Deutsche Bank AG acquired a new stake in shares of RPM International in the second quarter worth approximately $25,999,000. Finally, Danske Bank A S acquired a new position in shares of RPM International in the 2nd quarter valued at $20,077,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

About RPM International

RPM International Inc manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products.

The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.

RPM traces its origins to 1947, when Republic Powdered Metals was founded in Ohio.