Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM) had its price target cut by investment analysts at Deutsche Bank Aktiengesellschaft from $138.00 to $126.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 12.78% from the stock’s previous close.

RPM has been the subject of several other research reports. Royal Bank Of Canada upgraded shares of RPM International from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $121.00 to $132.00 in a report on Tuesday, December 9th. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a report on Thursday. JPMorgan Chase & Co. raised RPM International from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $117.00 to $115.00 in a research report on Friday. BMO Capital Markets reduced their price target on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, RPM International presently has a consensus rating of “Moderate Buy” and an average target price of $126.75.

RPM International Trading Up 0.6%

RPM traded up $0.70 during trading hours on Monday, reaching $111.72. The company’s stock had a trading volume of 498,835 shares, compared to its average volume of 1,653,133. The stock has a market cap of $14.31 billion, a PE ratio of 21.51, a P/E/G ratio of 2.08 and a beta of 1.11. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $129.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. The business’s 50-day moving average is $105.93 and its 200-day moving average is $113.60.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. As a group, equities research analysts predict that RPM International will post 5.5 earnings per share for the current fiscal year.

Insider Buying and Selling at RPM International

In other news, Director Salvatore D. Fazzolari sold 375 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $107.67, for a total transaction of $40,376.25. Following the sale, the director owned 21,578 shares in the company, valued at $2,323,303.26. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of RPM International

A number of hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in shares of RPM International during the 3rd quarter valued at about $30,000. Versant Capital Management Inc grew its holdings in RPM International by 48.6% in the third quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 90 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in RPM International by 277.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 250 shares during the last quarter. Curio Wealth LLC raised its stake in RPM International by 65,900.0% during the second quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock worth $72,000 after purchasing an additional 659 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of RPM International by 21.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock valued at $73,000 after purchasing an additional 108 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.