RPM International (NYSE:RPM) Stock Picked Up by Analysts at Barclays

Key Points

• Barclays initiated coverage of RPM International with an “equal weight” rating and a $107 price target, implying approximately 9.65% upside from the prior close.
• Analyst sentiment remains favorable overall, with 12 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $121.71.
• RPM’s latest quarterly results exceeded expectations, with earnings of $1.98 per share versus a $1.95 estimate and revenue of $2.22 billion, up 4.8% year over year.

Barclays assumed coverage on shares of RPM International (NYSE:RPM - Get Free Report) in a research report issued on Tuesday, Briefing.com reports. The firm set an "equal weight" rating and a $107.00 price target on the specialty chemicals company's stock. Barclays's target price would indicate a potential upside of 9.65% from the company's previous close.

RPM has been the subject of several other reports. Wells Fargo & Company dropped their target price on RPM International from $135.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. BMO Capital Markets lifted their price objective on RPM International from $143.00 to $151.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. KeyCorp dropped their target price on shares of RPM International from $123.00 to $117.00 and set an "overweight" rating on the stock in a research report on Friday. Weiss Ratings reissued a "hold (c)" rating on shares of RPM International in a research report on Friday, July 24th. Finally, Wall Street Zen lowered RPM International from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, RPM International presently has an average rating of "Moderate Buy" and a consensus price target of $121.71.

RPM International Trading Down 0.1%

Shares of RPM International stock opened at $97.59 on Tuesday. 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 company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.73 and a beta of 1.05. The firm's 50-day moving average price is $104.67 and its two-hundred day moving average price is $104.67. RPM International has a 12-month low of $92.92 and a 12-month high of $121.78.

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

Institutional Investors Weigh In On RPM International

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