Posted by admin on May 19th, 2022
RPM International (NYSE:RPM – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.
Several other research analysts have also commented on RPM. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating and set a $85.00 price target for the company. in a research report on Monday, March 28th. Wells Fargo & Company reduced their price target on RPM International from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Thursday, April 7th. TheStreet lowered RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, April 6th. Finally, BMO Capital Markets reduced their price target on RPM International from $115.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, April 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, RPM International has a consensus rating of “Hold” and an average price target of $98.00.
Shares of RPM stock opened at $84.19 on Thursday. RPM International has a twelve month low of $75.11 and a twelve month high of $101.48. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 4.43 and a beta of 0.90. The stock has a fifty day simple moving average of $83.82 and a two-hundred day simple moving average of $88.49. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 1.03.
RPM International (NYSE:RPM – Get Rating) last released its quarterly earnings results on Wednesday, April 6th. The specialty chemicals company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.30 by $0.08. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. RPM International had a return on equity of 25.48% and a net margin of 6.94%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. Research analysts predict that RPM International will post 3.69 EPS for the current fiscal year.
In other news, CAO Michael J. Laroche sold 1,476 shares of the stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $83.55, for a total value of $123,319.80. Following the transaction, the chief accounting officer now directly owns 6,525 shares of the company’s stock, valued at $545,163.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Norwood Financial Corp purchased a new stake in shares of RPM International in the fourth quarter worth about $38,000. Kozak & Associates Inc. purchased a new stake in shares of RPM International in the third quarter worth about $39,000. Jones Financial Companies Lllp purchased a new position in RPM International during the first quarter worth approximately $36,000. Future Financial Wealth Managment LLC purchased a new position in RPM International during the fourth quarter worth approximately $49,000. Finally, Tobam purchased a new position in RPM International during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.
About RPM International (Get Rating)
RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.
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