RPM International (NYSE:RPM) Rating Increased to Neutral at Bank of America

RPM International (NYSE:RPM) was upgraded by analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued on Thursday,Benzinga reports. The firm presently has a $128.00 price target on the specialty chemicals company’s stock, up from their prior price target of $110.00. Bank of America‘s target price points to a potential upside of 1.96% from the company’s current price.

RPM has been the subject of several other research reports. Royal Bank Of Canada lifted their price target on RPM International from $115.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Monday, July 28th. BMO Capital Markets lifted their price target on RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Morgan Stanley lifted their price target on RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Mizuho lifted their price target on RPM International from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, UBS Group boosted their target price on RPM International from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.09.

RPM International Price Performance

RPM International stock opened at $125.55 on Thursday. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79. The business has a 50-day simple moving average of $114.17 and a 200 day simple moving average of $114.60. The company has a quick ratio of 1.45, a current ratio of 2.16 and a debt-to-equity ratio of 0.91. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 1.52 and a beta of 1.03.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.60 by $0.12. RPM International had a return on equity of 24.94% and a net margin of 9.34%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, research analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the sale, the director owned 7,394 shares in the company, valued at approximately $882,547.84. This trade represents a 11.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in RPM International by 277.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in RPM International by 43.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 118 shares during the period. Curio Wealth LLC lifted its holdings in RPM International by 65,900.0% in the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 659 shares during the period. Farther Finance Advisors LLC lifted its holdings in RPM International by 82.1% in the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock worth $89,000 after buying an additional 344 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in shares of RPM International by 71.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 80.95% 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. 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.