RPM International (NYSE:RPM) Raised to “Hold” at Barclays

RPM International (NYSE:RPM – Get Free Report) was upgraded by investment analysts at Barclays to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other research firms also recently commented on RPM. KeyCorp cut their price objective on RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a report on Friday, October 9th. BMO Capital Markets raised their target price on shares of RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Citigroup reduced their price target on RPM International from $128.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Bank of America boosted their price target on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on RPM International from $126.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.71.

View Our Latest Analysis on RPM International

RPM International Stock Performance

RPM opened at $97.77 on Monday. The business’s 50-day simple moving average is $103.96 and its 200 day simple moving average is $104.66. RPM International has a 52-week low of $92.92 and a 52-week high of $121.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.76. The firm has a market capitalization of $12.47 billion, a PE ratio of 18.11, a PEG ratio of 1.74 and a beta of 1.05.

RPM International (NYSE:RPM – Get Free Report) last posted its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.03. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. As a group, sell-side analysts expect that RPM International will post 5.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RPM. Fortitude Family Office LLC grew its stake in shares of RPM International by 111.4% in the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 195 shares during the last quarter. GAMMA Investing LLC raised its position in RPM International by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock worth $276,000 after purchasing an additional 209 shares during the last quarter. CoreCap Advisors LLC raised its position in RPM International by 468.4% during the 3rd quarter. CoreCap Advisors LLC now owns 2,899 shares of the specialty chemicals company’s stock worth $286,000 after purchasing an additional 2,389 shares during the last quarter. Steph & Co. acquired a new position in RPM International during the 3rd quarter worth about $83,000. Finally, Benedict Financial Advisors Inc. lifted its holdings in RPM International by 0.8% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock worth $2,529,000 after buying an additional 197 shares during the period. 80.95% of the stock is currently owned by institutional investors.

RPM International Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for RPM International (NYSE:RPM)

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