On Oct 04, major Wall Street analysts update their ratings for $RPM International (RPM.US)$, with price targets ranging from $122 to $150.
BofA Securities analyst Steve Byrne maintains with a sell rating, and adjusts the target price from $99 to $122.
Deutsche Bank analyst David Huang CFA maintains with a buy rating, and adjusts the target price from $132 to $140.
Wells Fargo analyst Michael Sison maintains with a hold rating, and maintains the target price at $134.
Evercore analyst Stephen Richardson maintains with a buy rating, and maintains the target price at $130.
BMO Capital analyst John McNulty maintains with a buy rating, and adjusts the target price from $139 to $149.
Furthermore, according to the comprehensive report, the opinions of $RPM International (RPM.US)$'s main analysts recently are as follows:
The firm is revising its outlook on RPM following the company's fiscal Q1 report. Although the risk/reward is considered balanced, the firm has a slight positive inclination. This sentiment is based on the belief that RPM's MAP cost objectives are highly achievable, even though there is less certainty regarding the company's revenue projections.
The company is effectively managing the factors within its control as the do-it-yourself segment continues to experience softness.
The company's recent performance underscored a notable enhancement in portfolio profitability, as there was a second consecutive quarter of margin improvement despite softer sales. With the anticipation of benefiting from rate cuts in the latter half of FY25, it is believed that the firm's earnings are set for considerable growth in the upcoming 12-18 months. This potential for growth is deemed to be undervalued by the market.
The firm reported a robust quarter, displaying margin enhancement stemming from MAP 2025 and growth in earnings per share attributable to debt reduction. The company's robust performance in infrastructure and repair and remodeling sectors is partially mitigated by challenges in the DIY/residential sector. Nevertheless, RPM's operational leverage has seen improvement due to reduced administrative expenses and heightened capacity resulting from operational advancements.
RPM's recent quarter performance was solid, bolstered by MAP savings that counterbalanced a decrease in DIY demand. While acknowledging the potential for good leverage in the event of a housing recovery, the stance on the shares is one of neutrality due to the current valuation and the anticipated stagnation of near-term volume growth.
Here are the latest investment ratings and price targets for $RPM International (RPM.US)$ from 8 analysts:
Note:
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