RPM International (NYSE:RPM) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley has raised its price target for RPM International from $113 to $124, indicating a potential increase of 1.02% from its current stock price.
• Analysts have mixed ratings on RPM International, with a consensus rating of Moderate Buy and an average target price of $130.50, while several other firms have set even higher price targets.
• In its latest earnings report, RPM International reported $1.72 EPS for the quarter, beating expectations, and saw a 3.7% year-over-year revenue increase.

RPM International (NYSE:RPM - Get Free Report) had its price objective boosted by analysts at Morgan Stanley from $113.00 to $124.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the specialty chemicals company's stock. Morgan Stanley's price target would suggest a potential upside of 1.02% from the stock's current price.

Other research analysts also recently issued research reports about the company. Fermium Researc raised RPM International to a "hold" rating in a report on Wednesday, April 9th. Citigroup started coverage on RPM International in a research report on Monday, June 2nd. They issued a "buy" rating and a $135.00 target price on the stock. BMO Capital Markets upped their target price on RPM International from $140.00 to $152.00 and gave the company an "outperform" rating in a research report on Friday. Mizuho upped their target price on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Robert W. Baird cut their target price on RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $130.50.

RPM International Stock Performance

Shares of NYSE:RPM opened at $122.75 on Monday. The company has a market cap of $15.76 billion, a P/E ratio of 22.94, a PEG ratio of 3.25 and a beta of 1.03. 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 one year low of $95.28 and a one year high of $141.79. The business's 50-day simple moving average is $112.58 and its 200 day simple moving average is $114.95.

RPM International (NYSE:RPM - Get Free Report) last announced its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.60 by $0.12. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.02 billion. RPM International had a return on equity of 24.94% and a net margin of 9.34%. The company's revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $1.56 EPS. On average, sell-side 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 large investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS lifted its holdings in RPM International by 1.8% in the second quarter. KLP Kapitalforvaltning AS now owns 46,400 shares of the specialty chemicals company's stock worth $5,097,000 after acquiring an additional 800 shares during the last quarter. Farther Finance Advisors LLC grew its stake in RPM International by 65.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the specialty chemicals company's stock worth $139,000 after buying an additional 500 shares during the last quarter. Parallel Advisors LLC grew its stake in RPM International by 28.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company's stock worth $118,000 after buying an additional 239 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew 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 worth $37,000 after buying an additional 250 shares during the last quarter. Finally, Strs Ohio bought a new position in RPM International during the 1st quarter worth $1,507,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.