Analysts Set RPM International Inc. (RPM) PT at $66.60

RPM International Inc. (NYSE:RPM) has received an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $67.60.

RPM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded RPM International from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Royal Bank of Canada upped their target price on RPM International to $66.00 and gave the stock a “market perform” rating in a report on Friday, November 30th. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a report on Monday, October 8th. Seaport Global Securities reiterated a “hold” rating and set a $71.00 target price on shares of RPM International in a report on Monday, December 3rd. Finally, Bank of America reiterated a “buy” rating and set a $75.00 target price (up previously from $70.00) on shares of RPM International in a report on Thursday, November 29th.

RPM traded down $1.74 during midday trading on Monday, reaching $60.86. 913,105 shares of the company’s stock traded hands, compared to its average volume of 909,728. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.81 and a beta of 1.36. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.77 and a quick ratio of 1.80. RPM International has a 52 week low of $46.36 and a 52 week high of $68.13.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 3rd. The specialty chemicals company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.10). RPM International had a net margin of 5.36% and a return on equity of 22.77%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, sell-side analysts expect that RPM International will post 2.96 EPS for the current fiscal year.

In related news, Director John M. Ballbach purchased 3,360 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were bought at an average price of $59.53 per share, for a total transaction of $200,020.80. Following the purchase, the director now directly owns 13,260 shares of the company’s stock, valued at approximately $789,367.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kirkland B. Andrews purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was bought at an average price of $60.21 per share, for a total transaction of $120,420.00. Following the purchase, the director now directly owns 3,800 shares in the company, valued at $228,798. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board grew its stake in shares of RPM International by 277.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 21,500 shares of the specialty chemicals company’s stock worth $1,254,000 after buying an additional 15,800 shares during the last quarter. BTIM Corp. grew its stake in shares of RPM International by 2.4% in the 3rd quarter. BTIM Corp. now owns 293,460 shares of the specialty chemicals company’s stock worth $19,058,000 after buying an additional 6,958 shares during the last quarter. Cozad Asset Management Inc. purchased a new stake in shares of RPM International in the 2nd quarter worth approximately $2,433,000. Quantbot Technologies LP purchased a new stake in shares of RPM International in the 3rd quarter worth approximately $2,681,000. Finally, Madison Investment Holdings Inc. grew its stake in shares of RPM International by 0.4% in the 2nd quarter. Madison Investment Holdings Inc. now owns 452,801 shares of the specialty chemicals company’s stock worth $26,407,000 after buying an additional 1,973 shares during the last quarter. Institutional investors own 75.01% of the company’s stock.

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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Analyst Recommendations for RPM International (NYSE:RPM)

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