Bank of America Forecasts Strong Price Appreciation for RPM International (NYSE:RPM) Stock

RPM International (NYSE:RPMGet Free Report) had its price objective lifted by equities researchers at Bank of America from $129.00 to $130.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Bank of America‘s price target indicates a potential upside of 26.68% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Weiss Ratings lowered shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Citigroup boosted their price objective on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Morgan Stanley dropped their target price on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Thursday. Royal Bank Of Canada raised their target price on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Zacks Research raised shares of RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.58.

Check Out Our Latest Report on RPM International

RPM International Stock Down 4.5%

Shares of NYSE:RPM traded down $4.81 during mid-day trading on Thursday, hitting $102.62. 761,484 shares of the company traded hands, compared to its average volume of 988,103. The firm’s 50 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 firm has a market cap of $13.10 billion, a P/E ratio of 19.79, a PEG ratio of 2.31 and a beta of 1.04.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its holdings in shares of RPM International by 5.8% during the 2nd quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock worth $184,000 after purchasing an additional 93 shares during the period. LRI Investments LLC lifted its stake in shares of RPM International by 6.6% in the fourth quarter. LRI Investments LLC now owns 1,752 shares of the specialty chemicals company’s stock valued at $182,000 after buying an additional 108 shares during the period. First American Bank grew its position in RPM International by 4.9% during the fourth quarter. First American Bank now owns 2,360 shares of the specialty chemicals company’s stock worth $245,000 after buying an additional 110 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in RPM International by 2.0% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 5,894 shares of the specialty chemicals company’s stock worth $613,000 after buying an additional 114 shares in the last quarter. Finally, Versant Capital Management Inc increased 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 acquiring an additional 278 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

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RPM International Company Profile

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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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Analyst Recommendations for RPM International (NYSE:RPM)

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