RPM International (RPM) Given a $71.00 Price Target at BMO Capital Markets

RPM International (NYSE:RPM) has been assigned a $71.00 target price by analysts at BMO Capital Markets in a report released on Thursday, March 28th, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 15.54% from the stock’s previous close.

Several other analysts have also weighed in on RPM. Zacks Investment Research lowered RPM International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 29th. Royal Bank of Canada restated a “hold” rating and set a $59.00 price target on shares of RPM International in a report on Sunday, January 6th. Vertical Research lowered RPM International from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. ValuEngine lowered RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, JPMorgan Chase & Co. lowered RPM International from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $60.00 to $55.00 in a research note on Monday, December 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $66.57.

RPM stock traded down $0.18 during midday trading on Thursday, hitting $61.45. The company’s stock had a trading volume of 343,833 shares, compared to its average volume of 687,308. RPM International has a 12 month low of $47.53 and a 12 month high of $68.13. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.81 and a quick ratio of 1.09. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.64 and a beta of 1.18.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. RPM International had a return on equity of 21.39% and a net margin of 3.96%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Sell-side analysts anticipate that RPM International will post 2.56 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of RPM International by 7.5% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,125 shares of the specialty chemicals company’s stock worth $12,196,000 after buying an additional 14,671 shares in the last quarter. Oakbrook Investments LLC boosted its position in RPM International by 33.6% during the first quarter. Oakbrook Investments LLC now owns 9,950 shares of the specialty chemicals company’s stock valued at $577,000 after purchasing an additional 2,500 shares in the last quarter. Tompkins Financial Corp boosted its position in RPM International by 63.2% during the first quarter. Tompkins Financial Corp now owns 532 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 206 shares in the last quarter. BTIM Corp. boosted its holdings in RPM International by 3.6% in the first quarter. BTIM Corp. now owns 334,869 shares of the specialty chemicals company’s stock worth $19,436,000 after acquiring an additional 11,784 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in RPM International in the first quarter worth about $1,251,000. 76.40% of the stock is currently owned by institutional investors and hedge funds.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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Analyst Recommendations for RPM International (NYSE:RPM)

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