Evercore ISI Sticks to Their Buy Rating for RPM International (RPM)

In a report released today, Stephen Richardson from Evercore ISI maintained a Buy rating on RPM International (RPM – Research Report), with a price target of $130.00. The company’s shares closed yesterday at $127.65.

According to TipRanks, Richardson is a 4-star analyst with an average return of 8.3% and a 58.41% success rate. Richardson covers the Energy sector, focusing on stocks such as APA, Devon Energy, and Ovintiv.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RPM International with a $127.08 average price target, a -0.45% downside from current levels. In a report released on October 1, Seaport Global also initiated coverage with a Buy rating on the stock with a $140.00 price target.

Based on RPM International’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $1.97 billion and a net profit of $227.69 million. In comparison, last year the company earned a revenue of $2.01 billion and had a net profit of $201.08 million

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RPM in relation to earlier this year. Most recently, in August 2024, Frank Sullivan, the Chairman & CEO of RPM sold 57,083.00 shares for a total of $6,625,052.98.

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RPM International (RPM) Company Description:

RPM International, Inc. engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Industrial, Consumer, and Specialty. The Industrial segment is the maintenance and protection products for roofing and waterproofing systems, flooring, passive fire protection, corrosion control, high-performance sealing and bonding solutions, infrastructure rehabilitation and repair, and other construction chemicals. The Consumer segment is comprised of rust-preventative, special purpose and decorative paints, caulks, sealants, primers, nail enamels, cement and wood care coatings, and other branded consumer products. The Specialty segment includes industrial cleansers, restoration services equipment, colorants, exterior finishes, edible coatings, and other specialty original equipment manufacturer coatings. The company was founded by Frank C. Sullivan in May 1947 and is headquartered in Medina, OH.