RPM International, Inc. (RPM) Continues To See Improving Consumer Trends
February 10, 2010 12:53 PM
Analysts at Oppenheimer (NYSE: OPY) have released an update on RPM International, Inc. (NYSE: RPM). Oppenheimer recently met with the management of RPM International.
RPM International has seen a continued improvement in demand for products in the consumer segment as the housing market has stabilized. The Consumer segment contributes 31% to the total revenue at the company. However, the performance of the Industrial segment, which contributes 69% to the total revenue at the company, has been a mixed bag.
Analysts at Oppenheimer expect the pace of acquisitions, which has historically been a key to growth, to accelerate.
Analysts continue to favor the RPM International stock, which is currently trading at a 20% discount to market multiple, with a dividend yield of 4.4%.
Analysts have maintained an Outperform rating for RPM International, Inc., with a 12-18 month price target of $24.
