RPM International (NYSE:RPM) Stock Price Target Cut by Morgan Stanley

RPM International (NYSE:RPM) had its price target reduced by research analysts at Morgan Stanley from $117.00 to $114.00 in a report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price target suggests a potential upside of 14.82% from the stock’s previous close.

Several other research firms have also issued reports on RPM. Weiss Ratings reissued a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Wall Street Zen cut RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Bank of America lifted their price target on RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. BMO Capital Markets boosted their price objective on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, KeyCorp initiated coverage on shares of RPM International in a research report on Friday, September 11th. They issued an “overweight” rating and a $123.00 price objective on the stock. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

RPM International Price Performance

NYSE:RPM traded down $1.16 during mid-day trading on Monday, hitting $99.28. 24,773 shares of the stock traded hands, compared to its average volume of 1,051,907. The business’s 50-day moving average price is $106.53 and its 200 day moving average price is $104.69. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The company has a market cap of $12.67 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.05. RPM International has a 12-month low of $92.92 and a 12-month high of $121.93.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.06. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 EPS. On average, analysts expect that RPM International will post 5.99 EPS for the current fiscal year.

Institutional Investors Weigh In On RPM International

A number of institutional investors have recently made changes to their positions in RPM. Operose Advisors LLC purchased a new stake in RPM International during the second quarter valued at about $26,000. Danske Bank A S purchased a new position in shares of RPM International in the second quarter worth about $47,000. Rothschild Investment LLC increased its holdings in shares of RPM International by 2,387.0% in the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 549 shares during the period. Castleark Management LLC bought a new stake in shares of RPM International in the 2nd quarter valued at about $64,000. Finally, USA Financial Formulas bought a new stake in shares of RPM International in the 1st quarter valued at about $67,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc (NYSE:RPM) is a multinational manufacturer of specialty coatings, sealants, adhesives, and related products. The company serves the construction, industrial, automotive, marine, consumer, and specialty markets through a portfolio of businesses that develop products for protecting, repairing, and enhancing residential, commercial, and industrial surfaces.

Its brands include Rust-Oleum, which provides consumer and professional paints and coatings; DAP, which produces caulks, sealants, and related products; Tremco, which serves the building and construction markets; and Carboline, which specializes in protective coatings and fireproofing products.