RPM International (NYSE:RPM) Given New $127.00 Price Target at UBS Group

Key Points

• UBS Group raised its price target for RPM International from $126.00 to $127.00, maintaining a "neutral" rating which indicates a potential upside of 6.75% from the current stock price.
• Other brokerages, including Bank of America and Mizuho, have also upgraded their target prices for RPM International, with Mizuho setting a target of $140.00, reflecting positive analyst sentiment.
• RPM International's stock recently traded at $118.97, with its earnings report showing a quarterly EPS of $1.72, surpassing analyst expectations.

RPM International (NYSE:RPM - Get Free Report) had its price target upped by UBS Group from $126.00 to $127.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the specialty chemicals company's stock. UBS Group's price objective would suggest a potential upside of 6.75% from the company's current price.

Several other brokerages also recently commented on RPM. Bank of America upgraded shares of RPM International from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 14th. Morgan Stanley lifted their price target on shares of RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Royal Bank Of Canada boosted their price objective on shares of RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a research report on Monday, July 28th. Mizuho upped their price objective on RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Citigroup began coverage on RPM International in a report on Monday, June 2nd. They set a "buy" rating and a $135.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, RPM International has a consensus rating of "Moderate Buy" and a consensus price target of $131.82.

RPM International Trading Down 0.5%

RPM stock traded down $0.58 during mid-day trading on Wednesday, reaching $118.97. The company's stock had a trading volume of 121,433 shares, compared to its average volume of 756,219. The business's 50 day moving average price is $121.86 and its 200 day moving average price is $114.83. RPM International has a 12 month low of $95.28 and a 12 month high of $141.79. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.91.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.02 billion. RPM International had a return on equity of 24.94% and a net margin of 9.34%.RPM International's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.56 EPS. On average, equities research analysts predict that RPM International will post 5.5 EPS for the current year.

Insider Activity

In other news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the transaction, the director directly owned 7,394 shares in the company, valued at approximately $882,547.84. This represents a 11.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On RPM International

Large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in RPM International by 277.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock worth $37,000 after acquiring an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in shares of RPM International by 43.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock valued at $45,000 after acquiring an additional 118 shares during the period. Curio Wealth LLC lifted its position in shares of RPM International by 65,900.0% during the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company's stock valued at $72,000 after acquiring an additional 659 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of RPM International by 82.1% during the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock worth $89,000 after acquiring an additional 344 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of RPM International by 71.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock worth $106,000 after acquiring an additional 384 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

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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