Zacks: Analysts Set $5.00 Price Target for RTI Surgical Inc (RTIX)

RTI Surgical Inc (NASDAQ:RTIX) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a 12 month consensus price target of $5.00 for the company and are predicting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned RTI Surgical an industry rank of 102 out of 255 based on the ratings given to its competitors.

Several analysts recently commented on RTIX shares. BidaskClub upgraded RTI Surgical from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded RTI Surgical from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Tuesday, August 7th. Finally, ValuEngine raised RTI Surgical from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd.

A number of institutional investors and hedge funds have recently modified their holdings of RTIX. BlackRock Inc. lifted its stake in RTI Surgical by 5.7% in the second quarter. BlackRock Inc. now owns 4,947,475 shares of the medical equipment provider’s stock valued at $22,758,000 after buying an additional 267,654 shares during the period. Rutabaga Capital Management LLC MA lifted its stake in RTI Surgical by 22.4% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,375,290 shares of the medical equipment provider’s stock valued at $6,326,000 after buying an additional 251,894 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in RTI Surgical in the first quarter valued at approximately $892,000. Dimensional Fund Advisors LP lifted its stake in RTI Surgical by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,427,446 shares of the medical equipment provider’s stock valued at $20,366,000 after buying an additional 160,134 shares during the period. Finally, Millrace Asset Group Inc. acquired a new position in RTI Surgical in the first quarter valued at approximately $598,000. 68.72% of the stock is currently owned by hedge funds and other institutional investors.

RTIX stock traded down $0.05 during trading on Wednesday, hitting $4.55. The company had a trading volume of 600 shares, compared to its average volume of 135,983. RTI Surgical has a one year low of $3.85 and a one year high of $5.10. The stock has a market capitalization of $288.37 million, a PE ratio of 91.00 and a beta of 1.44. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.86 and a quick ratio of 1.55.

RTI Surgical (NASDAQ:RTIX) last announced its earnings results on Thursday, August 2nd. The medical equipment provider reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. RTI Surgical had a return on equity of 3.04% and a net margin of 1.23%. The business had revenue of $70.69 million for the quarter, compared to analysts’ expectations of $70.09 million. research analysts expect that RTI Surgical will post 0.11 earnings per share for the current year.

RTI Surgical Company Profile

RTI Surgical, Inc, together with its subsidiaries, designs, develops, manufactures, and distributes biologic, metal, and synthetic implants worldwide. It processes donated human musculoskeletal and other tissues, as well as bovine and porcine animal tissues to produce allograft and xenograft implants by using its proprietary BIOCLEANSE, TUTOPLAST, and CANCELLE SP sterilization processes.

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