RPM International Reaches Analyst Target Price Analysts React as RPM International Hits Target Price

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Breaking news in the world of finance – shares of RPM International Inc (Symbol: RPM) have rocketed past the average analyst 12-month target price of $110.45, to $110.49/share. The punditry finds themselves at a crossroads when their predictions are surpassed: should they devalue the stock, or recalibrate their forecast? This juncture often hinges on the basic business happenings that may have propelled the stock price upwards. Should the company be faring well, perhaps it is time for that target price to ascend further.

Eleven distinct analyst targets within the Zacks coverage universe contribute to the aforementioned average for RPM International Inc. This, however, is simply a numerical average. Certain analysts proffer humbler prognoses, with one eyeing a price of $87.00, yet another is brimming with optimism, touting a stratospheric target of $128.00. The fluctuation is denoted by a standard deviation of $12.636.

The significance of considering the average RPM price target is to tap into the β€œwisdom of crowds” endeavor. This is a concerted effort to amalgamate the insights of many over that of a single sage. With RPM surpassing the average target price of $110.45/share, shareholders have received a bona fide signal to reevaluate the company, pondering whether $110.45 represents just a brief pause on the road to an even greater target, or if the valuation has stretched so thin that it’s time to contemplate reining in some gains. Below is a table showcasing the current evaluations of the analysts covering RPM International Inc:

RPM Analyst Ratings Over Time
Β» Current 1 Month Ago 2 Months Ago 3 Months Ago
Strong buy ratings: 6 6 5 5
Buy ratings: 0 0 0 0
Hold ratings: 6 6 6 6
Sell ratings: 1 1 1 1
Strong sell ratings: 0 0 0 0
Average rating: 2.15 2.15 2.25 2.25

The average rating, nestled snugly in the last row of the aforementioned table, ranges from 1 to 5, with 1 signifying a Strong Buy and 5 representing a Strong Sell. This article was fuelled by data from Zacks Investment Research via Quandl.com. Stay tuned for the latest Zacks research report on RPM β€” it’s absolutely FREE.

nslideshowThe Top 25 Broker Analyst Picks of the S&P 500 Β»

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The viewpoints expressed herein belong to the author and don’t necessarily echo those of Nasdaq, Inc.

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