RPM International (NYSE:RPM) Given New $125.00 Price Target at Royal Bank Of Canada

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 target price increased by analysts at Royal Bank Of Canada from $115.00 to $125.00 in a research report 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 indicates a potential upside of 2.85% from the company's previous close.

Several other analysts have also issued reports on the company. BMO Capital Markets increased their target price on RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a report on Friday. Mizuho increased their target price on RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday. UBS Group increased their target price on RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Morgan Stanley increased their target price on RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, 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 report on Wednesday, April 9th. Seven investment 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.40.

RPM International Stock Performance

RPM traded down $1.24 during trading hours on Monday, reaching $121.54. The company's stock had a trading volume of 874,076 shares, compared to its average volume of 808,926. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79. The company's 50-day moving average is $112.68 and its 200-day moving average is $114.96. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.16. The firm has a market cap of $15.61 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 3.25 and a beta of 1.03.

RPM International (NYSE:RPM - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the firm posted $1.56 EPS. The company's revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts forecast that RPM International will post 5.5 EPS for the current year.

Institutional Trading of RPM International

A number of hedge funds have recently bought and sold shares of RPM. GAMMA Investing LLC raised its stake in shares of RPM International by 12,321.2% in the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock valued at $31,367,000 after buying an additional 268,971 shares during the period. Fairway Wealth LLC raised its stake in shares of RPM International by 50,413.3% in the first quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company's stock valued at $25,536,000 after buying an additional 220,306 shares during the period. Boston Trust Walden Corp raised its stake in shares of RPM International by 18.1% in the second quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company's stock valued at $66,076,000 after buying an additional 92,358 shares during the period. Geode Capital Management LLC raised its stake in shares of RPM International by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock valued at $336,198,000 after buying an additional 79,256 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of RPM International by 39.3% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,570 shares of the specialty chemicals company's stock valued at $34,404,000 after buying an additional 78,828 shares during the period. 80.95% of the stock is currently owned by 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.