RPM International (NYSE:RPM) Stock Gets Price Target Bump from Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on RPM International from $120 to $125 and maintained an “outperform” rating, implying 17.31% upside from the prior close.
• Analyst sentiment is broadly positive: 12 analysts rate the stock a Buy and four a Hold, for a “Moderate Buy” consensus and an average price target of $122.07.
• RPM’s latest quarter slightly beat earnings expectations, reporting $1.98 per share versus $1.95 expected; revenue was $2.22 billion, up 4.8% year over year.

RPM International (NYSE:RPM - Get Free Report) had its price target boosted by equities researchers at Royal Bank Of Canada from $120.00 to $125.00 in a 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 price target indicates a potential upside of 17.31% from the stock's previous close.

RPM has been the topic of a number of other reports. Bank of America lifted their price target on RPM International from $129.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. UBS Group lowered their price objective on RPM International from $142.00 to $128.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. Citigroup dropped their target price on shares of RPM International from $128.00 to $116.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Barclays began coverage on shares of RPM International in a research report on Tuesday, October 13th. They set an "equal weight" rating and a $107.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on RPM International from $135.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday, October 5th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.07.

RPM International Stock Up 0.2%

Shares of NYSE:RPM traded up $0.17 during trading on Tuesday, reaching $106.55. 155,784 shares of the stock were exchanged, compared to its average volume of 1,086,102. RPM International has a 1-year low of $92.92 and a 1-year high of $121.78. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01. The stock has a fifty day moving average of $100.70 and a two-hundred day moving average of $105.27. 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 (NYSE:RPM - Get Free Report) last posted 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. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share. Research analysts anticipate that RPM International will post 5.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RPM International

Several large investors have recently made changes to their positions in RPM. BlackRock Inc. purchased a new stake in shares of RPM International during the 2nd quarter valued at about $1,456,684,000. Corient Private Wealth LP purchased a new position in RPM International in the 2nd quarter worth about $11,652,000. Bank of New York Mellon Corp bought a new stake in shares of RPM International during the second quarter valued at approximately $118,220,000. Legal & General Group Plc bought a new stake in RPM International during the 2nd quarter valued at $37,713,000. Finally, Deutsche Bank AG bought a new position in shares of RPM International during the 2nd quarter worth $25,999,000. 80.95% of the stock is owned by 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.

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