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Behind RPM International's Fiscal 1Q18 Expectations

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Part 4
Behind RPM International's Fiscal 1Q18 Expectations PART 4 OF 5

RPM International on the Street: Analyst Ratings ahead of the Fiscal 1Q18 Results

Analysts’ consensus on RPM International

On September 25, 2017, of the 13 analysts covering RPM International (RPM) stock, 54% were recommending a “buy,” while 46% were recommending a “hold.” None recommended a “sell.”

RPM International on the Street: Analyst Ratings ahead of the Fiscal 1Q18 Results

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The analysts’ consensus on RPM International for the next 12-months indicates a target price of $56.80, implying a return potential of 11.1% over its closing price of $51.12 on September 25, 2017. In the past two months, the analysts’ mean consensus has fallen from $57.30 to the current target price.

RPM International’s fiscal 2018 appears to be more positive, primarily due to the expected additional revenues of $220 million from the nine acquisitions that RPM made over the past year. RPM’s steps to reduce its operating expenses are expected to boost the earnings by ~$0.10 per share. For these reasons, so many many analysts are recommending a “buy” or “hold” for RPM stock.

Individual recommendations from brokerage firms

Robert W. Baird has recommended a “hold” for RPM stock, with a target price of $56.00, implying a potential return of 9.5% over the closing price of $51.12 on September 25.

Royal Bank of Canada (RY) has rated RPM stock as a “hold,” recommending a target price of $49.00, which is 4.1% lower than the closing price of $51.12 on September 25.

Bank of America (BAC) has rated RPM as “neutral,” with a target price recommendation of $56.00, which implies a return potential of 9.5% over its closing price of $51.12 on September 25.

Investors looking for indirect exposure to RPM stock can invest in the ProShares ETF (REGL), which has 2.3% of its portfolio in RPM. REGL also provides exposure to Brown and Brown (BRO), which has a weight of 2.4% in the portfolio.

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