Wells Fargo & Company Issues Positive Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM - Get Free Report) had its target price upped by Wells Fargo & Company from $116.00 to $131.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the specialty chemicals company's stock. Wells Fargo & Company's price objective points to a potential upside of 15.56% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada dropped their price target on RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 10th. Robert W. Baird reduced their target price on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley lowered their price target on shares of RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Citigroup began 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 report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.91.

RPM International Stock Up 0.2%

Shares of NYSE RPM traded up $0.24 during midday trading on Tuesday, reaching $113.36. The company's stock had a trading volume of 375,579 shares, compared to its average volume of 698,219. The company has a current ratio of 2.22, a quick ratio of 1.38 and a debt-to-equity ratio of 0.78. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The stock has a 50 day simple moving average of $111.50 and a 200-day simple moving average of $116.24. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.97 and a beta of 1.03.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. RPM International had a return on equity of 25.08% and a net margin of 8.82%. The company's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Equities research analysts predict that RPM International will post 5.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RPM. Strs Ohio bought a new stake in RPM International during the first quarter worth $1,507,000. United Services Automobile Association acquired a new position in shares of RPM International during the 1st quarter worth $948,000. Amundi lifted its position in shares of RPM International by 2.3% during the 1st quarter. Amundi now owns 169,954 shares of the specialty chemicals company's stock worth $19,135,000 after buying an additional 3,788 shares during the last quarter. Baird Financial Group Inc. boosted its stake in RPM International by 6.3% in the first quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company's stock valued at $32,204,000 after buying an additional 16,549 shares in the last quarter. Finally, Keeley Teton Advisors LLC grew its position in RPM International by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company's stock valued at $1,704,000 after acquiring an additional 155 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

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.