RPM International Inc. (RPM) Given Average Recommendation of “Hold” by Brokerages
RPM International Inc. (NYSE:RPM) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $57.00.
Several equities analysts recently issued reports on RPM shares. Seaport Global Securities raised shares of RPM International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $60.00 in a report on Tuesday, May 16th. Zacks Investment Research lowered shares of RPM International from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. BidaskClub lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Bank of America Corporation lowered their target price on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $49.00 target price on shares of RPM International in a research note on Tuesday, June 13th.
Shares of RPM International (RPM) traded down 0.28% during mid-day trading on Friday, hitting $49.09. The stock had a trading volume of 631,084 shares. The stock has a market cap of $6.56 billion, a P/E ratio of 35.96 and a beta of 1.55. RPM International has a 52-week low of $46.25 and a 52-week high of $56.48. The company’s 50 day moving average is $50.01 and its 200-day moving average is $52.94.
RPM International (NYSE:RPM) last issued its quarterly earnings data on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. On average, equities research analysts anticipate that RPM International will post $2.88 earnings per share for the current fiscal year.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the sale, the senior vice president now directly owns 92,549 shares in the company, valued at $4,816,249.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in RPM. Advisory Services Network LLC acquired a new stake in shares of RPM International during the first quarter worth $116,000. Trust Co. of Vermont lifted its stake in shares of RPM International by 116.9% during the second quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock worth $154,000 after buying an additional 1,520 shares during the period. Timber Hill LLC acquired a new stake in shares of RPM International during the first quarter worth $234,000. DF Dent & Co. Inc. lifted its stake in shares of RPM International by 7.0% during the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock worth $241,000 after buying an additional 285 shares during the period. Finally, Flinton Capital Management LLC lifted its stake in shares of RPM International by 4.1% during the first quarter. Flinton Capital Management LLC now owns 4,512 shares of the specialty chemicals company’s stock worth $248,000 after buying an additional 176 shares during the period. Institutional investors own 74.00% of the company’s stock.
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RPM International Company Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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