RPM International (NYSE:RPM) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of RPM International (NYSE:RPMGet Rating) in a research note issued on Friday. The firm set a “buy” rating on the specialty chemicals company’s stock.

Other equities research analysts have also issued reports about the company. BMO Capital Markets dropped their price target on RPM International from $120.00 to $112.00 and set an “outperform” rating on the stock in a research report on Friday, January 6th. KeyCorp started coverage on RPM International in a research note on Wednesday, December 14th. They set a “sector weight” rating for the company. Finally, Robert W. Baird lowered their price objective on RPM International from $100.00 to $92.00 in a research note on Friday, January 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, RPM International has an average rating of “Hold” and a consensus target price of $97.78.

RPM International Price Performance

Shares of RPM stock opened at $84.98 on Friday. The firm has a market cap of $10.97 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.47 and a beta of 0.96. RPM International has a fifty-two week low of $74.56 and a fifty-two week high of $106.50. The business’s 50 day moving average price is $87.85 and its 200-day moving average price is $92.72. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.49 and a current ratio of 2.57.

RPM International (NYSE:RPMGet Rating) last released its quarterly earnings results on Thursday, January 5th. The specialty chemicals company reported $1.10 earnings per share for the quarter, meeting the consensus estimate of $1.10. RPM International had a return on equity of 28.55% and a net margin of 7.46%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company posted $0.79 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that RPM International will post 4.37 earnings per share for the current year.

Institutional Investors Weigh In On RPM International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of RPM International by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 1,771,240 shares of the specialty chemicals company’s stock valued at $172,408,000 after buying an additional 85,812 shares during the last quarter. Bank of New York Mellon Corp increased its position in RPM International by 6.8% in the third quarter. Bank of New York Mellon Corp now owns 1,555,552 shares of the specialty chemicals company’s stock worth $129,592,000 after purchasing an additional 98,640 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in RPM International by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 346,160 shares of the specialty chemicals company’s stock worth $27,250,000 after purchasing an additional 883 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in RPM International by 0.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 335,790 shares of the specialty chemicals company’s stock worth $27,975,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Cowa LLC increased its position in RPM International by 9,901.1% in the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 319,411 shares during the last quarter. Institutional investors own 81.50% of the company’s stock.

RPM International Company Profile

(Get Rating)

RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG), Performance Coatings Group (PCG), Consumer Group, and Specialty Products Group (SPG).

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