RPM International (NYSE:RPM) Stock Rating Upgraded by Fermium Researc

RPM International (NYSE:RPM) was upgraded by equities researchers at Fermium Researc to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on RPM. Morgan Stanley lowered their price objective on RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a research report on Wednesday. Royal Bank of Canada cut their price objective on RPM International from $126.00 to $116.00 and set a “sector perform” rating on the stock in a research report on Thursday. BMO Capital Markets decreased their price target on shares of RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group upped their target price on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RPM International presently has an average rating of “Moderate Buy” and an average price target of $124.10.

RPM International Stock Performance

Shares of RPM opened at $104.48 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. RPM International has a 12-month low of $95.28 and a 12-month high of $141.79. The company has a market cap of $13.43 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. The stock has a 50-day moving average price of $117.06 and a 200-day moving average price of $125.27.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.15). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. RPM International’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. As a group, equities analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RPM. GAMMA Investing LLC raised its position in shares of RPM International by 12,321.2% during the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company’s stock valued at $31,367,000 after buying an additional 268,971 shares during the last quarter. Geode Capital Management LLC lifted its position in RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after buying an additional 145,070 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of RPM International by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock worth $176,034,000 after purchasing an additional 87,540 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of RPM International by 39.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,570 shares of the specialty chemicals company’s stock valued at $34,404,000 after buying an additional 78,828 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in RPM International in the fourth quarter worth $9,161,000. 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.