Seaport Global Reiterates a Hold Rating on RPM International

By Austin Angelo

In a report released yesterday, Michael Harrison from Seaport Global reiterated a Hold rating on RPM International (NYSE: RPM), with a price target of $66. The company’s shares closed yesterday at $63.09, close to its 52-week high of $65.35.

According to TipRanks.com, Harrison is a 4-star analyst with an average return of 14.5% and a 75.3% success rate. Harrison covers the Consumer Goods sector, focusing on stocks such as Cabot Microelectronics Corporation, GCP Applied Technologies, and Ashland Inc.

Currently, the analyst consensus on RPM International is a Moderate Buy with an average price target of $66.50, which is a 5.4% upside from current levels. In a report issued on July 20, Robert W. Baird also reiterated a Hold rating on the stock with a $70 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 $85.18 million. In comparison, last year the company had a net profit of $126 million.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RPM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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, Consumer, and Specialty.