RPM International’s (RPM) Buy Rating Reiterated at Morgan Stanley

RPM International (NYSE:RPM)‘s stock had its “buy” rating restated by research analysts at Morgan Stanley in a report issued on Monday.

A number of other equities research analysts also recently issued reports on RPM. ValuEngine upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada restated a “hold” rating and issued a $60.00 price target on shares of RPM International in a research note on Thursday, October 4th. Finally, Vertical Research downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. RPM International has a consensus rating of “Hold” and a consensus target price of $60.00.

RPM stock opened at $60.56 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.63 and a current ratio of 2.45. RPM International has a 52 week low of $46.36 and a 52 week high of $68.13. The stock has a market capitalization of $8.67 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 3rd. The specialty chemicals company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.10). RPM International had a net margin of 6.35% and a return on equity of 23.82%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company posted $0.86 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. On average, analysts predict that RPM International will post 3.1 EPS for the current year.

In other RPM International news, Director Robert Livingston acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was acquired at an average price of $64.06 per share, for a total transaction of $320,300.00. Following the acquisition, the director now directly owns 7,150 shares in the company, valued at $458,029. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Ballbach acquired 8,100 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The stock was acquired at an average price of $62.12 per share, with a total value of $503,172.00. Following the acquisition, the director now owns 8,100 shares in the company, valued at $503,172. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Winfield Associates Inc. acquired a new stake in shares of RPM International during the 2nd quarter worth approximately $204,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of RPM International during the 2nd quarter worth approximately $204,000. Private Asset Management Inc. acquired a new stake in shares of RPM International during the 3rd quarter worth approximately $208,000. Elefante Mark B acquired a new stake in shares of RPM International during the 2nd quarter worth approximately $213,000. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in shares of RPM International during the 2nd quarter worth approximately $213,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

About RPM International

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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