UBS Group Lowers RPM International (NYSE:RPM) Price Target to $119.00

by · The Cerbat Gem

RPM International (NYSE:RPM – Get Free Report) had its target price decreased by UBS Group from $127.00 to $119.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price objective would indicate a potential upside of 10.73% from the company’s current price.

Other research analysts have also issued research reports about the company. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. Mizuho decreased their price target on shares of RPM International from $138.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a research report on Monday. Evercore ISI cut their price objective on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Finally, Royal Bank Of Canada raised shares of RPM International from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $121.00 to $132.00 in a research note on Tuesday, December 9th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and an average price target of $129.36.

View Our Latest Research Report on RPM International

RPM International Price Performance

RPM International stock traded down $0.65 during midday trading on Thursday, reaching $107.47. The company had a trading volume of 92,258 shares, compared to its average volume of 792,925. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. RPM International has a 12-month low of $95.28 and a 12-month high of $129.12. The company has a market capitalization of $13.78 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.97 and a beta of 1.11. The firm’s fifty day simple moving average is $107.89 and its 200-day simple moving average is $114.28.

RPM International (NYSE:RPM – Get Free Report) last announced its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. As a group, equities analysts anticipate that RPM International will post 5.5 EPS for the current year.

Insider Buying and Selling at RPM International

In other news, Director Salvatore D. Fazzolari sold 375 shares of RPM International stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $107.67, for a total transaction of $40,376.25. Following the sale, the director owned 21,578 shares of the company’s stock, valued at approximately $2,323,303.26. The trade was a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RPM International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BI Asset Management Fondsmaeglerselskab A S raised its position in RPM International by 16.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,437 shares of the specialty chemicals company’s stock valued at $1,323,000 after purchasing an additional 1,647 shares during the period. Ameriprise Financial Inc. increased its position in shares of RPM International by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock worth $39,143,000 after purchasing an additional 33,016 shares during the last quarter. Keeley Teton Advisors LLC raised its holdings in RPM International by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company’s stock valued at $1,704,000 after buying an additional 155 shares during the period. Baird Financial Group Inc. lifted its position in RPM International by 6.3% in the first quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company’s stock valued at $32,204,000 after buying an additional 16,549 shares during the last quarter. Finally, Amundi boosted its stake in RPM International by 2.3% during the first quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock worth $19,135,000 after buying an additional 3,788 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Company Profile

(Get Free Report)

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.

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