BMO Capital Markets Increases RPM International (NYSE:RPM) Price Target to $82.00

RPM International (NYSE:RPM) had its price objective upped by investment analysts at BMO Capital Markets to $82.00 in a research note issued on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 26.08% from the stock’s current price.

Several other analysts have also recently weighed in on RPM. JPMorgan Chase & Co. upgraded shares of RPM International from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $50.00 to $55.00 in a report on Monday, April 8th. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Wednesday, July 24th. TheStreet upgraded shares of RPM International from a “c+” rating to an “a-” rating in a report on Monday, July 22nd. Northcoast Research reiterated a “neutral” rating on shares of RPM International in a report on Thursday, July 25th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of RPM International in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $68.50.

Shares of NYSE RPM opened at $65.04 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. RPM International has a 52 week low of $51.95 and a 52 week high of $68.86. The business has a fifty day moving average price of $63.02. The stock has a market capitalization of $8.58 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27.

RPM International (NYSE:RPM) last released its quarterly earnings results on Monday, July 22nd. The specialty chemicals company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.10. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.61 billion. RPM International had a net margin of 4.79% and a return on equity of 23.46%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. As a group, equities analysts predict that RPM International will post 3.35 EPS for the current year.

In other news, Director Frederick R. Nance sold 1,100 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $66.54, for a total transaction of $73,194.00. Following the sale, the director now owns 16,581 shares in the company, valued at approximately $1,103,299.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Tompkins Financial Corp boosted its stake in RPM International by 63.2% in the 1st quarter. Tompkins Financial Corp now owns 532 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 206 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in RPM International in the 2nd quarter worth about $35,000. Lenox Wealth Management Inc. bought a new position in RPM International in the 1st quarter worth about $46,000. Machina Capital S.A.S. bought a new position in RPM International in the 2nd quarter worth about $56,000. Finally, Putnam FL Investment Management Co. bought a new position in RPM International in the 2nd quarter worth about $61,000. Hedge funds and other institutional investors own 77.51% 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. 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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