RPM International (NYSE:RPM) Stock Price Target Cut by Morgan Stanley

RPM International (NYSE:RPM) had its price objective decreased by analysts at Morgan Stanley from $117.00 to $114.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price target would indicate a potential upside of 13.99% from the stock’s current price.

RPM has been the subject of a number of other reports. Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Bank of America upped their price target on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada increased their price objective on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, BMO Capital Markets boosted their target price on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.50.

RPM International Trading Down 0.2%

Shares of RPM stock opened at $100.01 on Monday. RPM International has a 12-month low of $92.92 and a 12-month high of $121.93. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $106.47 and its 200-day moving average price is $104.66. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 2.06 and a beta of 1.05.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 earnings per share. Equities research analysts predict that RPM International will post 5.96 EPS for the current fiscal year.

Institutional Trading of RPM International

A number of hedge funds and other institutional investors have recently bought and sold shares of RPM. Operose Advisors LLC bought a new position in shares of RPM International in the second quarter worth about $26,000. Saudi Central Bank grew its stake in RPM International by 89.0% in the second quarter. Saudi Central Bank now owns 8,934 shares of the specialty chemicals company’s stock worth $993,000 after purchasing an additional 4,207 shares in the last quarter. Syon Capital LLC increased its stake in shares of RPM International by 10.4% during the second quarter. Syon Capital LLC now owns 4,688 shares of the specialty chemicals company’s stock valued at $521,000 after buying an additional 442 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new stake in RPM International in the second quarter worth about $201,000. Finally, Dearborn Partners LLC purchased a new position in RPM International during the 2nd quarter valued at about $9,282,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.