The consensus price target for RPM International Inc. (NYSE:RPM) has increased, indicating analyst optimism.
Expected second-quarter earnings per share (EPS) of $1.34, up from $1.22 the previous year, suggest improved financial performance.
RPM has reached a 52-week high and has been upgraded to a Zacks Rank #2 (Buy), reflecting positive earnings revisions and operational improvements.
RPM International Inc. (NYSE:RPM) is a diversified company that manufactures and markets specialty chemicals for various markets, including industrial, specialty, and consumer sectors. The company’s broad range of products includes waterproofing systems, sealants, coatings, and specialty construction products. This diverse product portfolio allows RPM to tap into multiple market segments, potentially driving revenue growth and contributing to the positive outlook from analysts.
The consensus price target for RPM has seen a significant increase over the past year, rising from $127.19 to $145. This upward trend suggests growing optimism among analysts about RPM’s future performance and potential growth. Evercore ISI analyst Eric Boyes has increased the price target for RPM to $145 from $130, maintaining an Outperform rating on the stock. This adjustment comes as a new analyst has taken over coverage of RPM and ten other chemical companies.
Analysts are anticipating RPM to announce its second-quarter earnings at $1.34 per share, up from $1.22 per share reported in the same period last year. This expected increase in earnings per share (EPS) indicates improved financial performance, which could further influence the consensus price target. Despite challenges like declining industrial demand and a mixed outlook for 2025, Evercore ISI believes RPM’s stock could rise significantly if there are signs of improving demand.
RPM has recently reached a 52-week high, making it an attractive investment opportunity. The company has demonstrated strong operational improvements and is actively pursuing strategic growth initiatives. Additionally, there have been positive revisions in its earnings outlook. RPM has been upgraded to a Zacks Rank #2 (Buy), indicating growing optimism about its earnings prospects and suggesting potential positive movement in its stock price.
Despite a slight decline of 0.2% since its last earnings report, RPM’s stock remains a point of interest for investors. Analyst Kevin McCarthy from Vertical Research has set a price target of $96 for RPM, reflecting confidence in the company’s future performance. Investors are keen to understand the future trajectory of RPM following its recent earnings announcement, as highlighted by Zacks.
