UBS Group Forecasts Strong Price Appreciation for RPM International (NYSE:RPM) Stock

RPM International (NYSE:RPM - Get Free Report) had its target price raised by equities researchers at UBS Group from $110.00 to $119.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the specialty chemicals company's stock. UBS Group's price target would suggest a potential upside of 5.15% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. Citigroup began coverage on shares of RPM International in a research report on Monday, June 2nd. They set a "buy" rating and a $135.00 price objective for the company. Royal Bank Of Canada dropped their target price on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company increased their target price on shares of RPM International from $116.00 to $131.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Morgan Stanley dropped their target price on shares of RPM International from $125.00 to $113.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Finally, Fermium Researc raised shares of RPM International to a "hold" rating in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $126.73.

RPM International Stock Performance

Shares of RPM stock traded down $1.12 on Wednesday, hitting $113.18. The company's stock had a trading volume of 846,346 shares, compared to its average volume of 700,882. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.38 and a current ratio of 2.22. The stock's 50 day moving average is $112.26 and its 200-day moving average is $115.68. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The company has a market capitalization of $14.53 billion, a PE ratio of 22.68, a PEG ratio of 3.01 and a beta of 1.03.

RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.15). RPM International had a net margin of 8.82% and a return on equity of 25.08%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company posted $0.52 earnings per share. The company's revenue was down 3.0% on a year-over-year basis. Equities research analysts expect that RPM International will post 5.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 84 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position 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 increased its position in 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 purchasing an additional 118 shares during the period. Farther Finance Advisors LLC increased its position in RPM International by 58.7% during the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock valued at $52,000 after purchasing an additional 155 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock valued at $66,000 after purchasing an additional 320 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

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.