RPM International (NYSE:RPM) Price Target Raised to $125.00

Key Points

• Royal Bank of Canada has increased its price target for RPM International from $115.00 to $125.00, indicating a potential upside of 2.09%.
• Analysts have mixed ratings for RPM International, with seven holding the stock and five rating it a buy, resulting in an average target price of $131.40.
• The company's latest earnings report showed an EPS of $1.72, exceeding expectations, and a revenue increase of 3.7% year-over-year, totaling $2.08 billion.

RPM International (NYSE:RPM - Get Free Report) had its price objective raised by Royal Bank Of Canada from $115.00 to $125.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "sector perform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's target price points to a potential upside of 6.66% from the company's previous close.

RPM has been the topic of a number of other reports. BMO Capital Markets raised their price target on RPM International from $140.00 to $152.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Mizuho raised their price target on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Wells Fargo & Company upped their price objective on shares of RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Citigroup initiated coverage on shares of RPM International in a research note on Monday, June 2nd. They issued a "buy" rating and a $135.00 price objective for the company. Finally, Fermium Researc upgraded shares of RPM International to a "hold" rating in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.40.

RPM International Trading Down 1.3%

RPM traded down $1.57 during mid-day trading on Monday, hitting $117.20. 429,722 shares of the stock were exchanged, compared to its average volume of 775,746. The firm's fifty day moving average is $112.92 and its two-hundred day moving average is $115.02. RPM International has a 1-year low of $95.28 and a 1-year high of $141.79. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.91. The company has a market cap of $15.05 billion, a PE ratio of 21.91, a PEG ratio of 1.49 and a beta of 1.03.

RPM International (NYSE:RPM - Get Free Report) last posted its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company earned $1.56 EPS. RPM International's revenue was up 3.7% on a year-over-year basis. 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 and hedge funds have recently made changes to their positions in the stock. Fiduciary Alliance LLC grew its stake in shares of RPM International by 1.3% during the 1st quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock worth $1,060,000 after purchasing an additional 116 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings 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 worth $45,000 after acquiring an additional 118 shares in the last quarter. Keeley Teton Advisors LLC grew its holdings in RPM International by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company's stock worth $1,704,000 after acquiring an additional 155 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of RPM International by 7.4% during the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock worth $271,000 after purchasing an additional 161 shares during the period. Finally, Archer Investment Corp raised its holdings in shares of RPM International by 21.2% during the first quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company's stock worth $133,000 after purchasing an additional 201 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

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.