RPM - RPM International Had Its Growth Spurt
2024-03-26 06:25:47 ET
Summary
- RPM International is expected to experience financial improvements and incremental growth, but the stock is near its all-time high.
- The company's valuation suggests that the share price is fair, with positive metrics compared to the sector medians and a commitment to reduce debt.
- RPM International still has a high debt-to-equity ratio, but management has been working on reducing it. Insider selling and fund buying send mixed signals to investors.
In our previous articles over the last 6 years, we were bullish about the materials, paint, and coatings company RPM International ( RPM ). We grew cautious in mid-2023 and rated the stock a Hold at $97 per share. We remain bullish expecting financial improvements and growth but maintain our Hold assessment for retail value investors; the share price is flirting with its all-time high of $119.42. We do not foresee a catalyst for much more upside for the remainder of this year....
RPM International Had Its Growth Spurt