Morgan Stanley Cuts RPM International (NYSE:RPM) Price Target to $114.00

RPM International (NYSE:RPM) had its price target lowered by Morgan Stanley from $117.00 to $114.00 in a research note issued to investors on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the specialty chemicals company’s stock.

RPM has been the topic of a number of other research reports. BMO Capital Markets raised their price target on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Bank of America boosted their price objective on RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. KeyCorp started coverage on RPM International in a research note on Friday, September 11th. They set an “overweight” rating and a $123.00 target price for the company. Royal Bank Of Canada raised their target price on shares of RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.50.

RPM International Price Performance

Shares of RPM stock opened at $98.74 on Monday. RPM International has a 12-month low of $92.92 and a 12-month high of $121.93. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.05 and a beta of 1.05. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $106.29 and a 200-day moving average of $104.66.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 EPS. On average, equities research analysts forecast that RPM International will post 5.96 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in RPM International in the 1st quarter valued at approximately $6,963,000. BlackRock Inc. bought a new position in shares of RPM International during the 2nd quarter worth approximately $1,456,684,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of RPM International during the 2nd quarter worth approximately $1,653,000. Plato Investment Management Ltd acquired a new stake in shares of RPM International in the second quarter valued at approximately $3,410,000. Finally, Man Group plc acquired a new stake in shares of RPM International in the second quarter valued at approximately $1,833,000. 80.95% of the stock is currently owned by institutional investors.

About RPM International

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.