RPM International (NYSE:RPM) Stock Rating Upgraded by Bank of America

RPM International (NYSE:RPM) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a report released on Thursday, Marketbeat Ratings reports. The firm presently has a $128.00 price target on the specialty chemicals company’s stock, up from their previous price target of $110.00. Bank of America‘s target price indicates a potential upside of 4.00% from the stock’s current price.

A number of other equities analysts have also commented on the company. Citigroup started coverage on RPM International in a report on Monday, June 2nd. They issued a “buy” rating and a $135.00 price target for the company. Wells Fargo & Company raised their price target on RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. UBS Group raised their price target on RPM International from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Royal Bank Of Canada raised their price target on RPM International from $115.00 to $125.00 and gave the stock a “sector perform” rating in a report on Monday, July 28th. Finally, BMO Capital Markets raised their price target on RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.09.

RPM International Price Performance

Shares of NYSE RPM opened at $123.08 on Thursday. The stock has a fifty day simple moving average of $114.51 and a two-hundred day simple moving average of $114.54. RPM International has a 1-year low of $95.28 and a 1-year high of $141.79. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.55 and a beta of 1.03. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.91.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.12. RPM International had a return on equity of 24.94% and a net margin of 9.34%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the company earned $1.56 earnings per share. RPM International’s revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that RPM International will post 5.5 earnings per share for the current year.

Insider Activity

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total transaction of $119,360.00. Following the sale, the director owned 7,394 shares in the company, valued at $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of RPM International by 277.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in shares of RPM International by 43.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 118 shares during the period. Curio Wealth LLC increased its holdings in shares of RPM International by 65,900.0% in the second quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 659 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of RPM International by 82.1% in the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock worth $89,000 after buying an additional 344 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of RPM International by 71.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 384 shares during the period. Hedge funds and other institutional investors own 80.95% 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. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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; insulated building cladding materials; and concrete form wall systems.