Wells Fargo Reaffirms Their Buy Rating on RPM International (RPM)
Wells Fargo analyst Michael Sison maintained a Buy rating on RPM International today and set a price target of $140.00.
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Sison covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Air Products and Chemicals, and Albemarle. According to TipRanks, Sison has an average return of -2.8% and a 39.05% success rate on recommended stocks.
In addition to Wells Fargo, RPM International also received a Buy from Citi’s Patrick Cunningham in a report issued today. However, yesterday, UBS maintained a Hold rating on RPM International (NYSE: RPM).
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.
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