Royal Bank Of Canada Issues Pessimistic Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM) had its price objective cut by equities researchers at Royal Bank Of Canada from $125.00 to $121.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 5.24% from the company’s current price.

RPM has been the topic of a number of other reports. Wells Fargo & Company boosted their target price on shares of RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Mizuho boosted their price objective on RPM International from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of RPM International in a research note on Saturday, September 27th. BMO Capital Markets boosted their target price on RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, UBS Group boosted their target price on RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, RPM International currently has an average rating of “Moderate Buy” and an average price target of $130.60.

RPM International Price Performance

NYSE:RPM traded down $1.85 during trading hours on Monday, reaching $114.98. The stock had a trading volume of 54,225 shares, compared to its average volume of 776,918. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79. The company has a 50 day moving average price of $122.29 and a two-hundred day moving average price of $114.85. The stock has a market capitalization of $14.74 billion, a PE ratio of 21.53, a PEG ratio of 1.95 and a beta of 1.03.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.01. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the business posted $1.84 earnings per share. RPM International’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that RPM International will post 5.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Frederick R. Nance sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the transaction, the director owned 7,394 shares of the company’s stock, valued at $882,547.84. This trade represents a 11.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently modified their holdings of RPM. Farther Finance Advisors LLC increased its holdings in RPM International by 82.1% during the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock worth $89,000 after purchasing an additional 344 shares during the period. SG Americas Securities LLC increased its stake in shares of RPM International by 355.5% during the first quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company’s stock valued at $591,000 after buying an additional 3,985 shares during the period. Amundi increased its stake in shares of RPM International by 2.3% during the first quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock valued at $19,135,000 after buying an additional 3,788 shares during the period. GAMMA Investing LLC increased its stake in shares of RPM International by 7.4% during the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company’s stock valued at $271,000 after buying an additional 161 shares during the period. Finally, United Services Automobile Association purchased a new position in shares of RPM International during the first quarter valued at $948,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Company Profile

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.