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Royal Bank Of Canada Forecasts Strong Price Appreciation for RPM International (NYSE:RPM) Stock

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Key Points

  • Royal Bank of Canada raised its price target on RPM International from $126 to $128 and kept an outperform rating, implying about 24% 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. Revenue also rose 7.2% year over year.
  • Despite a recent 3.9% stock decline, analyst sentiment remains positive overall, with 11 Buy ratings and a consensus Moderate Buy and target price of $126.83.
  • Five stocks we like better than RPM International.

RPM International (NYSE:RPM - Get Free Report) had its price objective upped by analysts at Royal Bank Of Canada from $126.00 to $128.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's target price indicates a potential upside of 24.02% from the company's current price.

Several other analysts have also recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of RPM International from $148.00 to $143.00 and set an "outperform" rating for the company in a research note on Monday, July 6th. UBS Group upgraded shares of RPM International from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $118.00 to $130.00 in a report on Wednesday, May 27th. Weiss Ratings lowered RPM International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, April 29th. Zacks Research raised RPM International from a "strong sell" rating to a "hold" rating in a research note on Thursday, April 9th. Finally, Wall Street Zen lowered 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $126.83.

Get Our Latest Research Report on RPM International

RPM International Stock Down 3.9%

Shares of RPM stock traded down $4.22 during mid-day trading on Thursday, hitting $103.20. The stock had a trading volume of 477,446 shares, compared to its average volume of 985,878. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. The firm's 50-day moving average is $105.35 and its two-hundred day moving average is $106.28. RPM International has a 12-month low of $92.92 and a 12-month high of $129.12. The firm has a market capitalization of $13.17 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04.

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

Institutional Trading of RPM International

A number of institutional investors have recently modified their holdings of RPM. E. Ohman J or Asset Management AB lifted its holdings in RPM International by 36.4% in the second quarter. E. Ohman J or Asset Management AB now owns 4,306 shares of the specialty chemicals company's stock valued at $479,000 after acquiring an additional 1,150 shares during the period. GAMMA Investing LLC increased its holdings in shares of RPM International by 25.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,589 shares of the specialty chemicals company's stock valued at $288,000 after purchasing an additional 525 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of RPM International by 36.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,050 shares of the specialty chemicals company's stock valued at $117,000 after purchasing an additional 278 shares in the last quarter. Cozad Asset Management Inc. lifted its stake in shares of RPM International by 4.3% in the first quarter. Cozad Asset Management Inc. now owns 27,010 shares of the specialty chemicals company's stock valued at $2,685,000 after purchasing an additional 1,124 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in RPM International during the first quarter worth about $6,963,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International News Roundup

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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