Evercore ISI Cuts RPM International (NYSE:RPM) Price Target to $125.00

RPM International (NYSE:RPM) had its price objective cut by equities research analysts at Evercore ISI from $145.00 to $125.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Evercore ISI’s target price suggests a potential upside of 15.09% from the stock’s previous close.

RPM has been the topic of several other research reports. Royal Bank Of Canada lowered their price objective on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a research note on Monday, October 6th. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $126.00 to $129.00 in a research note on Tuesday, October 14th. UBS Group raised their target price on RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. BMO Capital Markets boosted their price target on RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Finally, Mizuho increased their price objective on RPM International from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, RPM International currently has a consensus rating of “Hold” and a consensus target price of $130.18.

RPM International Stock Up 0.5%

Shares of NYSE RPM traded up $0.57 during mid-day trading on Tuesday, reaching $108.62. 81,338 shares of the company traded hands, compared to its average volume of 782,014. The company’s fifty day moving average is $116.19 and its two-hundred day moving average is $115.39. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. The stock has a market cap of $13.93 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.87 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 earnings per share. On average, analysts expect that RPM International will post 5.5 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Salvatore D. Fazzolari sold 375 shares of RPM International stock in a transaction on Friday, October 31st. The stock was sold at an average price of $107.67, for a total value of $40,376.25. Following the completion of the sale, the director directly owned 21,578 shares of the company’s stock, valued at approximately $2,323,303.26. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in RPM International in the third quarter worth about $30,000. Versant Capital Management Inc boosted its stake in shares of RPM International by 48.6% in the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of RPM International by 277.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in shares of RPM International by 43.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 118 shares during the last quarter. Finally, Curio Wealth LLC lifted its holdings in RPM International by 65,900.0% in the second quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock valued at $72,000 after buying an additional 659 shares during the period. 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.