RPM International (RPM) Stock Rating Reaffirmed by Bank of America

Bank of America restated their buy rating on shares of RPM International (NYSE:RPM) in a report released on Thursday, MarketBeat reports. Bank of America currently has a $75.00 price target on the specialty chemicals company’s stock, up from their prior price target of $70.00.

Several other research analysts have also weighed in on RPM. Zacks Investment Research raised shares of RPM International from a sell rating to a hold rating in a report on Monday, October 8th. Royal Bank of Canada reissued a hold rating and set a $60.00 price objective on shares of RPM International in a report on Thursday, October 4th. BMO Capital Markets decreased their price objective on shares of RPM International from $75.00 to $73.00 and set an outperform rating for the company in a report on Monday, October 8th. Finally, Morgan Stanley reissued a buy rating on shares of RPM International in a report on Monday, October 8th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. RPM International presently has a consensus rating of Hold and a consensus price target of $63.13.

Shares of RPM stock opened at $65.95 on Thursday. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 3.09 and a beta of 1.34. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 1.41. RPM International has a 1-year low of $46.36 and a 1-year high of $68.13.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Wednesday, October 3rd. The specialty chemicals company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.10). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. RPM International had a return on equity of 22.77% and a net margin of 5.36%. RPM International’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. Equities analysts forecast that RPM International will post 2.95 earnings per share for the current fiscal year.

In other RPM International news, Director Kirkland B. Andrews purchased 2,000 shares of the firm’s stock in a transaction dated Friday, October 5th. The stock was acquired at an average cost of $60.21 per share, with a total value of $120,420.00. Following the acquisition, the director now owns 3,800 shares of the company’s stock, valued at approximately $228,798. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John M. Ballbach purchased 3,360 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was acquired at an average cost of $59.53 per share, with a total value of $200,020.80. Following the completion of the acquisition, the director now directly owns 13,260 shares in the company, valued at approximately $789,367.80. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of RPM International in the 3rd quarter valued at about $117,000. Cerebellum GP LLC acquired a new position in shares of RPM International in the 3rd quarter valued at about $173,000. Private Asset Management Inc. acquired a new position in shares of RPM International in the 3rd quarter valued at about $208,000. Paloma Partners Management Co acquired a new position in shares of RPM International in the 3rd quarter valued at about $214,000. Finally, BTR Capital Management Inc. acquired a new position in shares of RPM International in the 3rd quarter valued at about $221,000. 76.42% of the stock is owned by institutional investors and hedge funds.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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