RPM International (NYSE:RPM) Stock Rating Upgraded by Barclays

RPM International (NYSE:RPM) was upgraded by equities research analysts at Barclays to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other research analysts also recently issued reports on RPM. Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of RPM International from $126.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Citigroup cut their target price on shares of RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Finally, BMO Capital Markets raised their price target on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.71.

RPM International Price Performance

Shares of NYSE RPM opened at $97.77 on Monday. The company has a market capitalization of $12.47 billion, a PE ratio of 18.11, a P/E/G ratio of 1.74 and a beta of 1.05. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57. RPM International has a twelve month low of $92.92 and a twelve month high of $121.78. The firm has a fifty day simple moving average of $103.96 and a 200 day simple moving average of $104.66.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that RPM International will post 5.96 EPS for the current year.

Institutional Trading of RPM International

Several hedge funds have recently bought and sold shares of the business. Operose Advisors LLC bought a new stake in RPM International during the 2nd quarter valued at $26,000. Fortitude Family Office LLC raised its holdings in RPM International by 111.4% during the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 195 shares during the last quarter. Danske Bank A S bought a new position in shares of RPM International in the second quarter valued at $47,000. Castleark Management LLC bought a new position in shares of RPM International in the second quarter valued at $64,000. Finally, USA Financial Formulas bought a new position in shares of RPM International in the first quarter valued at $67,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.