Cleveland Research Cuts RTI International Metals to Underperform (RTI)
RTI International Metals (NYSE: RTI) was downgraded by analysts at Cleveland Research from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase (NYSE: JPM) upgraded shares of RTI International Metals from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, May 4th. They now have a $24.50 price target on the stock, up previously from $20.00. Analysts at Citigroup (NYSE: C) upgraded shares of RTI International Metals from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 26th.
RTI International Metals traded down 4.40% on Wednesday, hitting $20.84. RTI International Metals has a 1-year low of $20.07 and a 1-year high of $38.96. The company has a market cap of $631.8 million and a price-to-earnings ratio of 66.67.
RTI International Metals last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.13. The company’s quarterly revenue was up 34.7% on a year-over-year basis. On average, analysts predict that RTI International Metals will post $0.17 earnings per share next quarter.
RTI International Metals, Inc. (RTI) is a producer and supplier of titanium mill products, and a manufacturer of fabricated titanium and specialty metal components for the international aerospace, defense, energy, and industrial and consumer markets.