UBS Group Cuts RPM International (NYSE:RPM) Price Target to $108.00
by Jessica Moore · The Cerbat GemRPM International (NYSE:RPM – Free Report) had its price objective decreased by UBS Group from $119.00 to $108.00 in a research note released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.
RPM has been the topic of a number of other research reports. Mizuho cut their price target on RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. KeyCorp restated a “sector weight” rating on shares of RPM International in a research report on Friday, January 9th. Robert W. Baird raised shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price objective on the stock in a research note on Wednesday, March 4th. Zacks Research cut shares of RPM International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, Citigroup lowered their target price on shares of RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and an average price target of $126.33.
Read Our Latest Analysis on RPM International
RPM International Stock Performance
RPM International stock opened at $97.92 on Thursday. The company has a market cap of $12.54 billion, a PE ratio of 18.87, a PEG ratio of 2.38 and a beta of 1.10. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80. RPM International has a 1 year low of $92.92 and a 1 year high of $129.12. The company’s 50-day moving average is $107.35 and its two-hundred day moving average is $108.79.
RPM International (NYSE:RPM – Get Free Report) last issued its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). RPM International had a return on equity of 22.49% and a net margin of 8.79%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that RPM International will post 5.5 earnings per share for the current year.
Insiders Place Their Bets
In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of RPM International stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the transaction, the vice president owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.
Institutional Investors Weigh In On RPM International
A number of hedge funds and other institutional investors have recently made changes to their positions in RPM. Quantbot Technologies LP bought a new position in RPM International during the 2nd quarter worth about $2,791,000. Baird Financial Group Inc. lifted its holdings in shares of RPM International by 0.4% in the second quarter. Baird Financial Group Inc. now owns 279,460 shares of the specialty chemicals company’s stock valued at $30,696,000 after purchasing an additional 1,076 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of RPM International during the second quarter worth about $402,000. Gabelli Funds LLC acquired a new position in shares of RPM International during the second quarter worth about $1,534,000. Finally, California State Teachers Retirement System grew its holdings in shares of RPM International by 21.7% during the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after buying an additional 63,532 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.
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.