RTI International Metals Stock Rating Upgraded by Zacks (RTI)
RTI International Metals (NYSE:RTI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday. The firm currently has a $28.60 price objective on the stock. Zacks‘s target price suggests a potential upside of 7.28% from the stock’s previous close.
RTI International Metals (NYSE:RTI) traded up 0.45% on Tuesday, hitting $26.78. The stock had a trading volume of 187,267 shares. RTI International Metals has a one year low of $23.99 and a one year high of $36.09. The stock’s 50-day moving average is $26.48 and its 200-day moving average is $28.53. The company has a market cap of $822.0 million and a price-to-earnings ratio of 167.67.
RTI International Metals (NYSE:RTI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.06. The company had revenue of $174.50 million for the quarter, compared to the consensus estimate of $187.34 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts predict that RTI International Metals will post $0.99 earnings per share for the current fiscal year.
A number of other firms have also recently commented on RTI. Analysts at Cleveland Research upgraded shares of RTI International Metals from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. Separately, analysts at JPMorgan Chase & Co. upgraded shares of RTI International Metals from a “neutral” rating to an “overweight” rating in a research note on Friday, May 23rd. They now have a $34.00 price target on the stock, up previously from $32.00. Finally, analysts at TheStreet downgraded shares of RTI International Metals from a “buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $35.40.
RTI International Metals, Inc (NYSE:RTI) is a producer and global supplier of advanced titanium mill products, and a manufacturer of fabricated titanium and specialty metal components for the national and international aerospace, defense, energy, and industrial and consumer markets.
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