RPM International (NYSE:RPM) Given New $115.00 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank lowered RPM International’s price target from $126 to $115 while maintaining a “buy” rating, implying approximately 18% upside from the prior close.
• Analyst sentiment remains broadly positive: 12 analysts rate the stock a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and average target of $123.31.
• RPM reported quarterly EPS of $1.98, beating estimates of $1.95, while revenue rose 4.8% year over year to $2.22 billion; shares traded down 0.9% at $97.44.

RPM International (NYSE:RPM - Get Free Report) had its target price dropped by analysts at Deutsche Bank Aktiengesellschaft from $126.00 to $115.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the specialty chemicals company's stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 18.02% from the company's previous close.

Several other brokerages have also recently weighed in on RPM. UBS Group decreased their price objective on RPM International from $142.00 to $128.00 and set a "buy" rating for the company in a report on Wednesday. Wall Street Zen cut RPM International from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Morgan Stanley decreased their price target on RPM International from $117.00 to $114.00 and set an "equal weight" rating for the company in a research note on Monday, September 28th. BMO Capital Markets upped their price objective on RPM International from $143.00 to $151.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Finally, 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. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, RPM International currently has an average rating of "Moderate Buy" and an average target price of $123.31.

RPM International Stock Down 0.9%

Shares of RPM traded down $0.89 during mid-day trading on Thursday, hitting $97.44. 409,598 shares of the company's stock were exchanged, compared to its average volume of 1,071,168. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16. RPM International has a 52 week low of $92.92 and a 52 week high of $121.78. The company has a market cap of $12.43 billion, a PE ratio of 18.06, a P/E/G ratio of 2.02 and a beta of 1.05. The company has a 50-day simple moving average of $105.30 and a 200 day simple moving average of $104.61.

RPM International (NYSE:RPM - Get Free Report) last announced its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The firm's revenue was up 4.8% on a year-over-year basis. On average, research analysts forecast that RPM International will post 5.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RPM International

Large investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC acquired a new stake in RPM International during the first quarter worth approximately $6,963,000. BlackRock Inc. acquired a new position in RPM International in the 2nd quarter valued at $1,456,684,000. Plato Investment Management Ltd bought a new stake in shares of RPM International during the 2nd quarter valued at $3,410,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of RPM International during the 2nd quarter valued at $1,653,000. Finally, Man Group plc acquired a new stake in shares of RPM International during the 2nd quarter worth $1,833,000. Institutional investors own 80.95% of the company's stock.

About RPM International

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.

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