Mizuho Issues Positive Forecast for RPM International (NYSE:RPM) Stock Price

Key Points

• Mizuho has increased its target price for RPM International stock from $126.00 to $140.00, indicating a potential upside of 14.61%.
• Multiple analysts provide mixed ratings on RPM, with seven reporting a hold, five giving a buy rating, and a consensus rating of Moderate Buy.
• RPM International's latest earnings report showed $1.72 earnings per share, surpassing expectations, with revenue growth of 3.7% year-over-year.
• The company's market capitalization stands at $15.69 billion and it is currently trading around $122.15 per share.

RPM International (NYSE:RPM - Get Free Report) had its target price hoisted by equities researchers at Mizuho from $126.00 to $140.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the specialty chemicals company's stock. Mizuho's target price suggests a potential upside of 14.61% from the stock's current price.

A number of other research firms have also recently issued reports on RPM. Fermium Researc raised RPM International to a "hold" rating in a research note on Wednesday, April 9th. BMO Capital Markets upped their price objective on RPM International from $140.00 to $152.00 and gave the company an "outperform" rating in a research note on Friday. Wells Fargo & Company increased their price target on RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday. Morgan Stanley lowered their target price on RPM International from $125.00 to $113.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group boosted their target price on RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, RPM International currently has a consensus rating of "Moderate Buy" and an average target price of $129.40.

RPM International Trading Down 0.4%

Shares of NYSE:RPM traded down $0.49 during midday trading on Friday, reaching $122.15. The company had a trading volume of 643,612 shares, compared to its average volume of 767,848. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.38 and a current ratio of 2.22. RPM International has a 1-year low of $95.28 and a 1-year high of $141.79. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. The company has a fifty day simple moving average of $112.44 and a two-hundred day simple moving average of $115.04.

RPM International (NYSE:RPM - Get Free Report) last released its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.12. RPM International had a return on equity of 25.08% and a net margin of 8.82%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm posted $1.56 EPS. The company's revenue was up 3.7% on a year-over-year basis. Research analysts predict that RPM International will post 5.5 earnings per share for the current year.

Institutional Trading of RPM International

Institutional investors have recently modified their holdings of the company. Fiduciary Alliance LLC lifted its holdings in RPM International by 1.3% in the first quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock worth $1,060,000 after buying an additional 116 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in RPM International by 43.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 118 shares during the last quarter. Keeley Teton Advisors LLC raised its holdings in RPM International by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company's stock worth $1,704,000 after acquiring an additional 155 shares during the last quarter. GAMMA Investing LLC raised its holdings in RPM International by 7.4% in the 1st quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock worth $271,000 after acquiring an additional 161 shares during the last quarter. Finally, Archer Investment Corp raised its holdings in RPM International by 21.2% in the 1st quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company's stock worth $133,000 after acquiring an additional 201 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.

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