RPM International (NYSE:RPM) Rating Lowered to Hold at StockNews.com

RPM International (NYSE:RPMGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other equities analysts also recently commented on RPM. Royal Bank of Canada boosted their target price on shares of RPM International from $87.00 to $94.00 and gave the stock a “sector perform” rating in a report on Monday, January 10th. Bank of America downgraded shares of RPM International from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 6th. They noted that the move was a valuation call. Wells Fargo & Company reduced their price target on RPM International from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 7th. Zacks Investment Research cut RPM International from a “hold” rating to a “sell” rating and set a $85.00 price objective for the company. in a research report on Monday, March 28th. Finally, JPMorgan Chase & Co. raised RPM International from an “underweight” rating to a “neutral” rating and upped their target price for the company from $85.00 to $100.00 in a research report on Thursday, January 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $98.00.

NYSE:RPM traded up $0.88 during mid-day trading on Wednesday, reaching $88.22. The company’s stock had a trading volume of 453,813 shares, compared to its average volume of 652,562. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 1.03. RPM International has a 1 year low of $75.11 and a 1 year high of $101.48. The stock has a fifty day moving average of $83.26 and a 200-day moving average of $88.33. The firm has a market capitalization of $11.42 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 4.55 and a beta of 0.99.

RPM International (NYSE:RPMGet Rating) last released its quarterly earnings data on Wednesday, April 6th. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. RPM International had a net margin of 6.94% and a return on equity of 25.48%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. On average, analysts expect that RPM International will post 3.69 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norwood Financial Corp purchased a new stake in shares of RPM International in the 4th quarter valued at $38,000. Kozak & Associates Inc. purchased a new stake in RPM International in the third quarter valued at $39,000. Tobam acquired a new stake in RPM International during the 3rd quarter worth about $40,000. Future Financial Wealth Managment LLC purchased a new position in shares of RPM International during the 4th quarter valued at about $49,000. Finally, Retirement Planning Co of New England Inc. acquired a new position in shares of RPM International in the 4th quarter valued at about $53,000. 79.49% of the stock is owned by institutional investors.

RPM International Company Profile (Get Rating)

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.

Further Reading

Analyst Recommendations for RPM International (NYSE:RPM)

Receive News & Ratings for RPM International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International and related companies with MarketBeat.com's FREE daily email newsletter.