RPM International (NYSE:RPM) Stock Price Target Cut by Wells Fargo & Company

Key Points

• Wells Fargo lowered RPM International’s price target from $135 to $130 while maintaining an “overweight” rating, implying approximately 31.5% upside from the stock’s $98.88 price.
• Analyst sentiment remains broadly positive: RPM has a “Moderate Buy” consensus rating, with 12 Buy ratings and three Holds, and an average price target of $125.85.
• RPM reported quarterly adjusted earnings of $1.89 per share, exceeding estimates, while revenue rose 7.2% year over year to $2.23 billion. Institutional investors own approximately 81% of the company’s shares.

RPM International (NYSE:RPM - Get Free Report) had its price objective lowered by Wells Fargo & Company from $135.00 to $130.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the specialty chemicals company's stock. Wells Fargo & Company's price objective suggests a potential upside of 31.47% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. KeyCorp initiated coverage on RPM International in a report on Friday, September 11th. They issued an "overweight" rating and a $123.00 price objective for the company. Morgan Stanley dropped 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. BMO Capital Markets increased their price target on shares of 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 lifted their price objective on shares of RPM International from $129.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of RPM International from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, RPM International currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.85.

RPM International Stock Down 0.3%

Shares of NYSE RPM traded down $0.31 during mid-day trading on Monday, hitting $98.88. The company had a trading volume of 246,037 shares, compared to its average volume of 1,046,934. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The firm has a 50-day simple moving average of $106.03 and a two-hundred day simple moving average of $104.64. The company has a market capitalization of $12.61 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. RPM International has a one year low of $92.92 and a one year high of $121.78.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.83 by $0.06. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 earnings per share. On average, equities analysts expect that RPM International will post 5.96 EPS for the current year.

Institutional Trading of RPM International

A number of institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC acquired a new stake in shares of RPM International in the first quarter valued at approximately $6,963,000. BlackRock Inc. acquired a new stake in RPM International during the second quarter worth approximately $1,456,684,000. Plato Investment Management Ltd acquired a new stake in RPM International during the second quarter worth approximately $3,410,000. Commerzbank Aktiengesellschaft FI bought a new position in RPM International during the 2nd quarter worth $1,653,000. Finally, Man Group plc acquired a new position in RPM International in the 2nd quarter valued at $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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