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Morgan Stanley Lowers RPM International (NYSE:RPM) Price Target to $117.00

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Key Points

  • Morgan Stanley cut its price target on RPM International to $117 from $121 and kept an equal weight rating, implying about 14% upside from the current share price.
  • RPM International reported better-than-expected quarterly results, with EPS of $1.89 and revenue of $2.23 billion, both topping analyst estimates.
  • Despite some analyst caution, the stock still has a Moderate Buy consensus, with 11 Buy ratings and an average target price of $127.17.
  • Five stocks we like better than RPM International.

RPM International (NYSE:RPM - Get Free Report) had its target price dropped by analysts at Morgan Stanley from $121.00 to $117.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the specialty chemicals company's stock. Morgan Stanley's price target would indicate a potential upside of 14.27% from the stock's current price.

Several other analysts have also recently commented on RPM. Bank of America reduced their price target on RPM International from $128.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, April 9th. Royal Bank Of Canada increased their price objective on RPM International from $126.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday. Zacks Research raised RPM International from a "strong sell" rating to a "hold" rating in a report on Thursday, April 9th. UBS Group upgraded shares of RPM International from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $118.00 to $130.00 in a research report on Wednesday, May 27th. Finally, Wall Street Zen cut shares of RPM International from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, RPM International currently has an average rating of "Moderate Buy" and a consensus target price of $127.17.

Read Our Latest Analysis on RPM

RPM International Stock Performance

Shares of RPM traded down $5.04 during mid-day trading on Thursday, hitting $102.39. 671,986 shares of the company's stock were exchanged, compared to its average volume of 987,407. The firm has a market capitalization of $13.07 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.31 and a beta of 1.04. RPM International has a fifty-two week low of $92.92 and a fifty-two week high of $129.12. The business's 50 day moving average is $105.35 and its two-hundred day moving average is $106.28. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81.

RPM International (NYSE:RPM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.06. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The company's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 earnings per share. On average, equities analysts expect that RPM International will post 5.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ares Financial Consulting LLC purchased a new stake in shares of RPM International in the fourth quarter valued at $37,000. Rothschild Investment LLC increased its position in RPM International by 2,387.0% in the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company's stock worth $59,000 after purchasing an additional 549 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in RPM International in the 4th quarter worth about $60,000. Resources Management Corp CT ADV raised its stake in shares of RPM International by 21,566.7% during the 4th quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company's stock worth $68,000 after purchasing an additional 647 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of RPM International during the 4th quarter valued at about $69,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting RPM International

Here are the key news stories impacting RPM International this week:

About RPM International

(Get Free Report)

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company's Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.

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Analyst Recommendations for RPM International (NYSE:RPM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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