RPM International (NYSE:RPM – Get Free Report) had its price objective lowered by stock analysts at Deutsche Bank Aktiengesellschaft from $126.00 to $115.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 18.02% from the stock’s current price.
Several other brokerages also recently weighed in on RPM. BMO Capital Markets upped their price objective on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Morgan Stanley reduced their target price on shares of RPM International from $117.00 to $114.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. Royal Bank Of Canada decreased their price target on shares of RPM International from $128.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday. Citigroup dropped their price target on shares of RPM International from $128.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, RPM International currently has an average rating of “Moderate Buy” and a consensus target price of $123.31.
View Our Latest Analysis on RPM International
RPM International Price Performance
RPM International (NYSE:RPM – Get Free Report) last released its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.03. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. RPM International had a return on equity of 22.03% and a net margin of 8.66%.The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 earnings per share. On average, equities analysts anticipate that RPM International will post 5.96 earnings per share for the current year.
Hedge Funds Weigh In On RPM International
Institutional investors and hedge funds have recently made changes to their positions in the stock. Operose Advisors LLC acquired a new stake in RPM International in the second quarter valued at approximately $26,000. Danske Bank A S bought a new stake in RPM International during the 2nd quarter valued at $47,000. Castleark Management LLC acquired a new position in RPM International during the second quarter worth $64,000. USA Financial Formulas bought a new position in shares of RPM International in the first quarter valued at $67,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of RPM International during the second quarter valued at about $89,000. Institutional investors 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.
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