RPM International (RPM) Gets a Buy from Citi

In a report released yesterday, from Citi reiterated a Buy rating on RPM International, with a price target of $127.00. The company’s shares closed yesterday at $108.12.

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Currently, the analyst consensus on RPM International is a Moderate Buy with an average price target of $133.70, which is a 23.66% upside from current levels. In a report released on December 9, RBC Capital also upgraded the stock to a Buy with a $132.00 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.