Bank of America Securities Remains a Buy on RPM International (RPM)

In a report released today, Matthew DeYoe from Bank of America Securities maintained a Buy rating on RPM International, with a price target of $129.00.

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DeYoe covers the Basic Materials sector, focusing on stocks such as Corteva, DuPont de Nemours, and Linde. According to TipRanks, DeYoe has an average return of 8.0% and a 63.16% success rate on recommended stocks.

In a report released yesterday, TR | OpenAI – 4o also upgraded the stock to a Buy with a $119.00 price target.

Based on RPM International’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $2.11 billion and a net profit of $227.61 million. In comparison, last year the company earned a revenue of $1.97 billion and had a net profit of $227.69 million

Based on the recent corporate insider activity of 29 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, Frederick Nance, a Director at RPM sold 792.00 shares for a total of $85,512.24.