ValuEngine Upgrades RPM International (RPM) to “Hold”

ValuEngine upgraded shares of RPM International (NYSE:RPM) from a sell rating to a hold rating in a report issued on Wednesday morning.

RPM has been the topic of a number of other reports. BMO Capital Markets assumed coverage on RPM International in a research report on Tuesday, March 27th. They set an outperform rating and a $60.00 target price on the stock. Robert W. Baird reaffirmed a hold rating and set a $53.00 target price on shares of RPM International in a research report on Friday, April 6th. Zacks Investment Research lowered RPM International from a buy rating to a hold rating in a research report on Friday, June 8th. JPMorgan Chase & Co. lowered RPM International from a neutral rating to an underweight rating and lowered their target price for the stock from $52.00 to $47.00 in a research report on Friday, March 16th. Finally, Seaport Global Securities reaffirmed a buy rating and set a $58.00 target price on shares of RPM International in a research report on Friday, April 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $54.29.

Shares of RPM International opened at $58.32 on Wednesday, Marketbeat Ratings reports. The company has a current ratio of 2.56, a quick ratio of 1.55 and a debt-to-equity ratio of 1.33. RPM International has a twelve month low of $46.36 and a twelve month high of $60.53. The company has a market cap of $7.80 billion, a PE ratio of 20.90, a PEG ratio of 1.88 and a beta of 1.45.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, April 5th. The specialty chemicals company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. RPM International had a return on equity of 24.28% and a net margin of 7.23%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. RPM International’s revenue for the quarter was up 7.8% on a year-over-year basis. equities analysts predict that RPM International will post 2.95 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Jump Trading LLC bought a new stake in RPM International during the fourth quarter worth $299,000. Flinton Capital Management LLC grew its holdings in RPM International by 24.1% during the fourth quarter. Flinton Capital Management LLC now owns 9,728 shares of the specialty chemicals company’s stock worth $510,000 after buying an additional 1,888 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in RPM International during the fourth quarter worth $536,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in RPM International during the fourth quarter worth $650,000. Finally, Meadow Creek Investment Management LLC grew its holdings in RPM International by 24.1% during the fourth quarter. Meadow Creek Investment Management LLC now owns 13,376 shares of the specialty chemicals company’s stock worth $701,000 after buying an additional 2,596 shares in the last quarter. Institutional investors and hedge funds own 82.96% of the company’s stock.

RPM International Company Profile

RPM International Inc manufactures, markets, and sells specialty chemical products for industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for RPM International (NYSE:RPM)

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