Morgan Stanley Issues Pessimistic Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPMGet Free Report) had its price target dropped by stock analysts at Morgan Stanley from $121.00 to $117.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 14.27% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and upped their price target for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. BMO Capital Markets boosted their price objective on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday. Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings lowered RPM International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada lifted their price target on RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

View Our Latest Stock Report on RPM International

RPM International Stock Down 4.7%

Shares of NYSE RPM traded down $5.04 during mid-day trading on Thursday, reaching $102.39. 671,986 shares of the company traded hands, compared to its average volume of 987,407. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.44 and a current ratio of 2.28. The stock has a market cap of $13.07 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. The company’s fifty day moving average is $105.35 and its two-hundred day moving average is $106.28. RPM International has a fifty-two week low of $92.92 and a fifty-two week high of $129.12.

RPM International (NYSE:RPMGet Free Report) last announced its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. On average, analysts expect that RPM International will post 5.47 earnings per share for the current year.

Institutional Trading of RPM International

A number of institutional investors and hedge funds have recently modified their holdings of RPM. Ares Financial Consulting LLC acquired a new position in shares of RPM International in the 4th quarter valued at $37,000. Rothschild Investment LLC boosted its position in shares of RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 549 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in RPM International in the fourth quarter valued at about $60,000. Resources Management Corp CT ADV increased its stake in RPM International by 21,566.7% in the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock valued at $68,000 after acquiring an additional 647 shares during the period. Finally, Commonwealth Retirement Investments LLC acquired a new position in RPM International in the fourth quarter worth about $69,000. 80.95% of the stock is currently owned by institutional investors.

Key Headlines Impacting RPM International

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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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