RPM International (NYSE:RPM) Given New $128.00 Price Target at Citigroup

by · The Cerbat Gem

RPM International (NYSE:RPM – Get Free Report) had its price objective upped by equities research analysts at Citigroup from $125.00 to $128.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price target points to a potential upside of 20.68% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Mizuho dropped their target price on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. BMO Capital Markets dropped their target price on shares of RPM International from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Zacks Research upgraded shares of RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Robert W. Baird upgraded shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target on the stock in a research note on Wednesday, March 4th. Finally, Morgan Stanley lifted their price target on shares of RPM International from $118.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and an average price target of $127.42.

Check Out Our Latest Stock Analysis on RPM International

RPM International Stock Performance

RPM stock traded down $0.85 on Friday, hitting $106.07. The company had a trading volume of 298,068 shares, compared to its average volume of 1,030,081. RPM International has a 12-month low of $92.92 and a 12-month high of $129.12. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81. The stock’s 50-day simple moving average is $101.57 and its 200 day simple moving average is $105.95. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 2.69 and a beta of 1.04.

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

Institutional Investors Weigh In On RPM International

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

About RPM International

(Get Free Report)

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.

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