RPM International (NYSE:RPM) Price Target Lowered to $143.00 at BMO Capital Markets

RPM International (NYSE:RPM) had its price target lowered by BMO Capital Markets from $148.00 to $143.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 28.12% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Morgan Stanley raised their target price on RPM International from $118.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Bank of America cut their price target on shares of RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Citigroup increased their price target on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Weiss Ratings downgraded shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Finally, Zacks Research raised shares of RPM International from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

RPM International Stock Performance

RPM stock opened at $111.61 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. The firm has a market cap of $14.25 billion, a PE ratio of 21.51, a P/E/G ratio of 2.61 and a beta of 1.04. The business has a 50 day moving average of $104.56 and a 200-day moving average of $106.36. RPM International has a 12-month low of $92.92 and a 12-month high of $129.12.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $0.35 earnings per share. RPM International’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts expect that RPM International will post 5.46 earnings per share for the current year.

Institutional Trading of RPM International

Institutional investors have recently added to or reduced their stakes in the stock. Ares Financial Consulting LLC bought a new position in RPM International in the 4th quarter worth about $37,000. Los Angeles Capital Management LLC bought a new stake in shares of RPM International during the fourth quarter valued at about $60,000. Rothschild Investment LLC lifted its holdings in shares of RPM International by 2,387.0% in the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 549 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in shares of RPM International by 21,566.7% in the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock worth $68,000 after buying an additional 647 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of RPM International in the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.