RPM International (NYSE:RPM) Rating Increased to Neutral at Bank of America

Key Points

• RPM International has been upgraded from "underperform" to "neutral" by Bank of America, with a new price target of $128.00, indicating a potential upside from its previous close.
• Several other firms have increased their price targets for RPM International, with Wells Fargo raising theirs to $145.00 and UBS Group to $119.00, reflecting a consensus rating of "Moderate Buy."
• RPM International reported a $1.72 EPS for the last quarter, surpassing analysts' expectations and showing a revenue increase of 3.7% compared to the previous year.

RPM International (NYSE:RPM - Get Free Report) was upgraded by equities research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a note issued to investors on Thursday,Benzinga reports. The firm presently has a $128.00 price target on the specialty chemicals company's stock, up from their previous price target of $110.00. Bank of America's price target would indicate a potential upside of 1.96% from the stock's previous close.

RPM has been the topic of a number of other research reports. Wells Fargo & Company raised their target price on RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Citigroup started coverage on RPM International in a report on Monday, June 2nd. They issued a "buy" rating and a $135.00 target price on the stock. UBS Group raised their target price on RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Royal Bank Of Canada raised their target price on RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a report on Monday, July 28th. Finally, Mizuho raised their target price on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $131.09.

RPM International Trading Up 3.0%

Shares of RPM International stock opened at $125.55 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.16. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79. The stock has a 50 day moving average price of $114.17 and a two-hundred day moving average price of $114.60. The stock has a market capitalization of $16.12 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data 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. RPM International had a return on equity of 24.94% and a net margin of 9.34%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that RPM International will post 5.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the sale, the director directly owned 7,394 shares of the company's stock, valued at $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company's stock.

Institutional Trading of RPM International

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in RPM International by 82.1% in the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock worth $89,000 after buying an additional 344 shares during the last quarter. SG Americas Securities LLC increased its position in RPM International by 355.5% in the first quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company's stock worth $591,000 after buying an additional 3,985 shares during the last quarter. GAMMA Investing LLC increased its position in RPM International by 7.4% in the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock worth $271,000 after buying an additional 161 shares during the last quarter. Putney Financial Group LLC purchased a new stake in RPM International in the fourth quarter worth $308,000. Finally, NBC Securities Inc. increased its position in RPM International by 145,300.0% in the first quarter. NBC Securities Inc. now owns 2,908 shares of the specialty chemicals company's stock worth $336,000 after buying an additional 2,906 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other 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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