RPM International (NYSE:RPM) Given New $113.00 Price Target at Morgan Stanley

RPM International (NYSE:RPM) had its price target lowered by analysts at Morgan Stanley from $125.00 to $113.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price target indicates a potential upside of 10.45% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. UBS Group upped their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Mizuho lowered their target price on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.10.

RPM International Price Performance

RPM stock opened at $102.31 on Wednesday. The company’s 50-day moving average price is $117.41 and its two-hundred day moving average price is $125.39. The firm has a market cap of $13.15 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.97 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International has a 12 month low of $95.28 and a 12 month high of $141.79.

RPM International (NYSE:RPM) last announced its quarterly earnings data 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). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business earned $0.52 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. On average, analysts anticipate that RPM International will post 5.5 earnings per share for the current fiscal year.

Institutional Trading of RPM International

Institutional investors have recently added to or reduced their stakes in the stock. iA Global Asset Management Inc. lifted its position in shares of RPM International by 37.8% in the 3rd quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 501 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in RPM International by 5.8% in the third quarter. Public Employees Retirement System of Ohio now owns 51,260 shares of the specialty chemicals company’s stock valued at $6,202,000 after buying an additional 2,794 shares during the period. Geode Capital Management LLC boosted its position in RPM International by 5.8% during the third 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 last quarter. Toronto Dominion Bank grew its holdings in RPM International by 33.0% during the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock worth $1,982,000 after acquiring an additional 4,062 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of RPM International in the 3rd quarter worth about $1,295,000. 80.95% of the stock is currently owned by institutional investors.

About RPM International

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.