RPM International (NYSE:RPM) Given New $121.00 Price Target at Morgan Stanley

RPM International (NYSE:RPMGet Free Report) had its price objective lifted by Morgan Stanley from $118.00 to $121.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price objective indicates a potential upside of 7.27% from the company’s current price.

Several other research firms have also recently issued reports on RPM. Deutsche Bank Aktiengesellschaft decreased their price target on RPM International from $138.00 to $126.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Robert W. Baird upgraded RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target on the stock in a report on Wednesday, March 4th. JPMorgan Chase & Co. upgraded RPM International from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $117.00 to $115.00 in a report on Friday, January 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of RPM International in a report on Friday, March 27th. Finally, Mizuho decreased their price target on RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.75.

Check Out Our Latest Stock Analysis on RPM International

RPM International Price Performance

Shares of NYSE:RPM traded up $4.08 during midday trading on Thursday, reaching $112.80. The company’s stock had a trading volume of 730,235 shares, compared to its average volume of 1,100,412. RPM International has a fifty-two week low of $92.92 and a fifty-two week high of $129.12. The company has a market capitalization of $14.45 billion, a P/E ratio of 21.75, a P/E/G ratio of 2.38 and a beta of 1.10. 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 fifty day simple moving average is $106.97 and its 200-day simple moving average is $108.32.

RPM International (NYSE:RPMGet Free Report) last posted its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.20. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. As a group, equities research analysts expect that RPM International will post 5.5 EPS for the current fiscal year.

Insider Activity at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the sale, the vice president owned 21,248 shares of the company’s stock, valued at $2,343,866.88. This trade represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RPM International

Hedge funds have recently modified their holdings of the business. Fairway Wealth LLC raised its position in RPM International by 4.4% in the 3rd quarter. Fairway Wealth LLC now owns 224,336 shares of the specialty chemicals company’s stock valued at $26,445,000 after buying an additional 9,409 shares during the last quarter. Boston Trust Walden Corp raised its position in RPM International by 8.5% in the 3rd quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock valued at $76,942,000 after buying an additional 51,152 shares during the last quarter. Pacer Advisors Inc. raised its position in RPM International by 242.2% in the 3rd quarter. Pacer Advisors Inc. now owns 19,768 shares of the specialty chemicals company’s stock valued at $2,330,000 after buying an additional 13,992 shares during the last quarter. Tredje AP fonden raised its position in RPM International by 90.4% in the 3rd quarter. Tredje AP fonden now owns 21,890 shares of the specialty chemicals company’s stock valued at $2,580,000 after buying an additional 10,393 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in RPM International by 1,863.4% in the 4th quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock valued at $4,707,000 after buying an additional 42,952 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Key RPM International News

Here are the key news stories impacting RPM International this week:

About RPM International

(Get Free Report)

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.

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Analyst Recommendations for RPM International (NYSE:RPM)

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