Royal Bank Of Canada Issues Pessimistic Forecast for RPM International (NYSE:RPM) Stock Price

Key Points

• Royal Bank of Canada has reduced its price target for RPM International from $125.00 to $121.00, while maintaining a "sector perform" rating, suggesting a potential upside of 5.24% from the current price.
• RPM International's stock is currently down 1.6%, trading at $114.98, with a market capitalization of $14.74 billion and a price-to-earnings ratio of 21.53.
• Despite several positive ratings from other brokerages, RPM International has a consensus rating of "Moderate Buy" with an average target price of $130.60.

RPM International (NYSE:RPM - Get Free Report) had its price target cut by stock analysts at Royal Bank Of Canada from $125.00 to $121.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "sector perform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's price objective suggests a potential upside of 5.24% from the stock's current price.

A number of other brokerages also recently issued reports on RPM. Wells Fargo & Company upped their price target on RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, July 25th. BMO Capital Markets upped their target price on shares of RPM International from $140.00 to $152.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Weiss Ratings restated a "buy (b-)" rating on shares of RPM International in a research note on Saturday, September 27th. Mizuho increased their price objective on shares of RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Bank of America upgraded shares of RPM International from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $130.60.

RPM International Stock Down 1.6%

RPM International stock traded down $1.85 during mid-day trading on Monday, reaching $114.98. The stock had a trading volume of 54,225 shares, compared to its average volume of 776,918. The company has a 50-day moving average price of $122.29 and a two-hundred day moving average price of $114.85. The company has a market capitalization of $14.74 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 1.95 and a beta of 1.03. RPM International has a one year low of $95.28 and a one year high of $141.79. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51.

RPM International (NYSE:RPM - Get Free Report) last issued its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.01. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The business's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 earnings per share. On average, analysts expect that RPM International will post 5.5 EPS for the current fiscal year.

Insider Activity at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total transaction of $119,360.00. Following the sale, the director directly owned 7,394 shares in the company, valued at $882,547.84. This trade represents a 11.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On RPM International

A number of institutional investors and hedge funds have recently bought and sold shares of RPM. Thurston Springer Miller Herd & Titak Inc. raised its stake in RPM International by 277.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock valued at $37,000 after purchasing an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in shares of RPM International by 43.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 118 shares during the last quarter. Curio Wealth LLC raised its position in shares of RPM International by 65,900.0% during the second quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 659 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of RPM International by 82.1% during the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock valued at $89,000 after buying an additional 344 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of RPM International by 71.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock valued at $106,000 after buying an additional 384 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

About RPM International

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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