RPM International (NYSE:RPM) Price Target Raised to $119.00 at UBS Group

RPM International (NYSE:RPM - Get Free Report) had its price target lifted by equities researchers at UBS Group from $110.00 to $119.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the specialty chemicals company's stock. UBS Group's target price indicates a potential upside of 5.95% from the stock's previous close.

Other analysts have also issued research reports about the company. Citigroup started coverage on RPM International in a research note on Monday, June 2nd. They issued a "buy" rating and a $135.00 target price for the company. Fermium Researc raised RPM International to a "hold" rating in a research note on Wednesday, April 9th. Robert W. Baird dropped their price objective on RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets increased their price objective on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Finally, Royal Bank Of Canada dropped their price objective on RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a research note on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, RPM International has a consensus rating of "Moderate Buy" and a consensus price target of $126.73.

RPM International Price Performance

RPM traded down $0.19 during midday trading on Wednesday, hitting $112.32. The stock had a trading volume of 63,074 shares, compared to its average volume of 697,207. The company has a market cap of $14.42 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 2.92 and a beta of 1.03. The business has a fifty day moving average of $111.93 and a 200 day moving average of $115.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.38 and a current ratio of 2.22. RPM International has a 1 year low of $95.28 and a 1 year high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last issued its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.15). The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. RPM International had a return on equity of 25.08% and a net margin of 8.82%. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. As a group, equities analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of RPM International by 55.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 84 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of RPM International by 277.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock worth $37,000 after buying an additional 250 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings 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. Farther Finance Advisors LLC grew its holdings in shares of RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock valued at $52,000 after buying an additional 155 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of RPM International by 148.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 320 shares during the last quarter. Institutional investors 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.

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