Morgan Stanley Sticks to Its Hold Rating for RPM International (RPM)
Morgan Stanley analyst Vincent Andrews maintained a Hold rating on RPM International today and set a price target of $118.00.
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Andrews covers the Basic Materials sector, focusing on stocks such as Albemarle, Air Products and Chemicals, and Olin. According to TipRanks, Andrews has an average return of 2.2% and a 65.22% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for RPM International with a $126.91 average price target.
Based on RPM International’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.91 billion and a net profit of $161.21 million. In comparison, last year the company earned a revenue of $1.85 billion and had a net profit of $183.2 million
Based on the recent corporate insider activity of 30 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. Last month, Timothy R. Kinser, the VP-Operations of RPM sold 3,441.00 shares for a total of $379,542.30.
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