Northcoast Research Downgrades RPM International to Hold

By Jason Carr

In a report released yesterday, Kevin Hocevar from Northcoast Research downgraded RPM International (NYSE: RPM) to Hold. The company’s shares closed yesterday at $61.65.

According to TipRanks.com, Hocevar is a 2-star analyst with an average return of 1.6% and a 50.0% success rate. Hocevar covers the Consumer Goods sector, focusing on stocks such as Mohawk Industries, Orion Engineered, and PPG Industries.

RPM International has an analyst consensus of Hold, with a price target consensus of $64.50, implying a 4.6% upside from current levels. In a report issued on July 17, Seaport Global also downgraded the stock to Hold with a $58 price target.

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Based on RPM International’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $85.66 million. In comparison, last year the company had a net profit of $126 million.

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RPM International, Inc. engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following segments: Industrial, Specialty and Consumer.