RBC Capital Sticks to Its Hold Rating for RPM International

By Austin Angelo

In a report released yesterday, Arun Viswanathan from RBC Capital reiterated a Hold rating on RPM International (NYSE: RPM), with a price target of $49. The company’s shares closed yesterday at $55.31, close to its 52-week high of $56.40.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 11.8% and a 73.8% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.

RPM International has an analyst consensus of Hold, with a price target consensus of $49.

The company has a one year high of $56.40 and a one year low of $46.25. Currently, RPM International has an average volume of 694.9K.

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RPM International, Inc. engages in the manufacturing, marketing and sale of coatings and sealants. It operates through the following segments: Industrial, Specialty and Consumer. The Industrial segment products and services include construction chemicals, roofing systems, weatherproofing and other sealants, polymer flooring. The Specialty segment offers products that include industrial cleaners, restoration services equipment, colorants, exterior finishes, edible coatings and specialty glazes for pharmaceutical and food industries, and other specialty OEM coatings. The Consumer segment manufactures and markets do-it-yourself products for a variety of mainly consumer applications, including home improvement and personal leisure activities. The company was founded by Frank C. Sullivan in May 1947 and is headquartered in Medina, OH.