Shares of RPM International Inc. (NYSE:RPM) have earned a consensus broker rating score of 2.00 (Buy) from the eight brokers that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a strong buy recommendation to the company.
Brokers have set a 1-year consensus price target of $49.80 for the company and are expecting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given RPM International an industry rank of 102 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of RPM International from a “hold” rating to a “sell” rating in a research note on Thursday, October 8th. Credit Suisse reduced their price objective on shares of RPM International from $60.00 to $49.00 in a research note on Thursday, October 8th. Finally, RBC Capital assumed coverage on shares of RPM International in a research note on Tuesday, October 13th. They set a “sector perform” rating and a $47.00 price objective for the company.
Shares of RPM International (NYSE:RPM) opened at 44.06 on Monday. The stock has a market capitalization of $5.86 billion and a PE ratio of 24.57. RPM International has a 52 week low of $40.11 and a 52 week high of $51.42. The company’s 50 day moving average is $45.41 and its 200-day moving average is $45.70.
RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 7th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.07. During the same period in the prior year, the company posted $0.76 EPS. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.27 billion. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts predict that RPM International will post $2.48 earnings per share for the current year.
In related news, COO Ronald A. Rice sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 18th. The shares were sold at an average price of $46.41, for a total transaction of $696,150.00. Following the completion of the sale, the chief operating officer now directly owns 352,925 shares in the company, valued at $16,379,249.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
An institutional investor recently raised its position in RPM International stock. Eagle Asset Management raised its stake in RPM International Inc. (NYSE:RPM) by 101.6% during the third quarter, according to its most recent filing with the SEC. The hedge fund owned 546,932 shares of the company’s stock after buying an additional 275,690 shares during the period. Eagle Asset Management owned about 0.41% of RPM International worth $22,910,000 at the end of the most recent reporting period.
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. The Company operates through two segments, which include industrial segment and consumer segment. Its industrial segment products are sold throughout North America. Its industrial product lines are sold directly to contractors, distributors and end users. The Company’s consumer segment manufactures and markets professional use and do-it-yourself (NYSE:RPM) products for a range of consumer applications, including home improvement and personal leisure activities. Its family of products includes those marketed under brand names, such as API, Carboline, CAVE, DAP, Day-Glo, Dri-Eaz, Dryvit, Euclid, EUCO, Fibergrate, Flecto, Flowcrete, Grupo PV, Hummervoll, illbruck, Mohawk, Rust-Oleum, Stonhard, TCI, Toxement, Tremco, Tuf-Strand, Universal Sealants, Viapol, Watco and Zinsser.
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