Royal Bank of Canada Cuts RPM International (NYSE:RPM) Price Target to $116.00

RPM International (NYSE:RPM) had its price target decreased by equities researchers at Royal Bank of Canada from $126.00 to $116.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 13.54% from the company’s previous close.

A number of other equities analysts also recently weighed in on RPM. Robert W. Baird lowered their target price on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. BMO Capital Markets cut their target price on shares of RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday. Evercore ISI raised RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company cut their price objective on RPM International from $140.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, RPM International presently has an average rating of “Moderate Buy” and a consensus target price of $124.10.

RPM International Stock Down 3.3 %

RPM International stock traded down $3.47 during mid-day trading on Thursday, reaching $102.17. The company’s stock had a trading volume of 178,123 shares, compared to its average volume of 715,347. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. RPM International has a 12 month low of $95.28 and a 12 month high of $141.79. The business’s 50 day simple moving average is $117.80 and its 200 day simple moving average is $125.53. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. RPM International’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. As a group, research analysts anticipate that RPM International will post 5.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RPM. GAMMA Investing LLC boosted its stake in shares of RPM International by 12,321.2% in the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company’s stock valued at $31,367,000 after buying an additional 268,971 shares during the period. Geode Capital Management LLC lifted its position in shares of RPM International by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after acquiring an additional 145,070 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of RPM International by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock worth $176,034,000 after purchasing an additional 87,540 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of RPM International by 39.3% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,570 shares of the specialty chemicals company’s stock worth $34,404,000 after purchasing an additional 78,828 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in RPM International in the fourth quarter valued at about $9,161,000. 80.95% of the stock is owned by institutional investors.

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.