RPM International (NYSE:RPM) had its target price lifted by UBS Group from $77.00 to $84.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. UBS Group’s target price points to a potential upside of 12.71% from the stock’s current price.
A number of other analysts have also recently issued reports on the stock. TheStreet raised shares of RPM International from a “c+” rating to a “b” rating in a research note on Monday, June 8th. Royal Bank of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and decreased their price target for the company from $77.00 to $74.00 in a report on Thursday, March 26th. BMO Capital Markets dropped their price objective on RPM International from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. Bank of America downgraded RPM International from a “buy” rating to a “neutral” rating in a research note on Monday, March 23rd. Finally, Robert W. Baird dropped their price target on RPM International from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.63.
Shares of RPM opened at $74.53 on Thursday. The business has a 50-day simple moving average of $74.59 and a two-hundred day simple moving average of $69.91. The company has a quick ratio of 1.46, a current ratio of 2.41 and a debt-to-equity ratio of 2.02. RPM International has a 52 week low of $42.85 and a 52 week high of $80.10. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.36 and a beta of 1.14.
RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. RPM International had a return on equity of 30.07% and a net margin of 5.81%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that RPM International will post 2.99 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Archer Investment Corp bought a new stake in RPM International in the fourth quarter worth $33,000. Quadrant Capital Group LLC grew its stake in shares of RPM International by 479.1% in the 4th quarter. Quadrant Capital Group LLC now owns 637 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 527 shares in the last quarter. Column Capital Advisors LLC increased its holdings in shares of RPM International by 37.1% in the 1st quarter. Column Capital Advisors LLC now owns 1,141 shares of the specialty chemicals company’s stock worth $68,000 after buying an additional 309 shares during the last quarter. WASHINGTON TRUST Co purchased a new stake in shares of RPM International during the 1st quarter valued at about $79,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of RPM International in the 1st quarter valued at about $83,000. Hedge funds and other institutional investors own 76.58% of the company’s stock.
RPM International Company Profile
RPM International Inc manufactures and sells specialty chemicals for the 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, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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