MRC Global Inc (NYSE:MRC) Receives $16.29 Consensus Price Target from Brokerages

Shares of MRC Global Inc (NYSE:MRC) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.50.

A number of equities analysts have weighed in on MRC shares. Scotiabank raised MRC Global from a “sector perform” rating to a “sector outperform” rating and set a $17.00 price target for the company in a research report on Monday, January 6th. Raymond James downgraded MRC Global from an “outperform” rating to a “market perform” rating in a research report on Monday. Zacks Investment Research downgraded MRC Global from a “hold” rating to a “sell” rating and set a $12.00 price target for the company. in a research report on Tuesday, February 4th. Finally, Cowen upped their price target on MRC Global from $14.00 to $16.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th.

NYSE MRC traded down $0.98 during trading hours on Friday, reaching $10.46. 2,744,500 shares of the company’s stock were exchanged, compared to its average volume of 820,809. The company’s 50-day moving average is $12.61 and its two-hundred day moving average is $12.99. MRC Global has a one year low of $10.19 and a one year high of $18.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.15 and a current ratio of 2.47. The company has a market capitalization of $887.63 million, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.01 and a beta of 2.01.

MRC Global (NYSE:MRC) last released its quarterly earnings results on Thursday, February 13th. The oil and gas company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.44). MRC Global had a return on equity of 11.80% and a net margin of 1.87%. The firm had revenue of $766.00 million for the quarter, compared to analyst estimates of $853.16 million. Research analysts predict that MRC Global will post 0.66 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its holdings in shares of MRC Global by 8.5% in the 4th quarter. Amalgamated Bank now owns 12,918 shares of the oil and gas company’s stock valued at $176,000 after buying an additional 1,017 shares during the last quarter. MHI Funds LLC boosted its holdings in shares of MRC Global by 11.3% in the 3rd quarter. MHI Funds LLC now owns 12,984 shares of the oil and gas company’s stock valued at $157,000 after buying an additional 1,318 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of MRC Global by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 123,923 shares of the oil and gas company’s stock valued at $1,503,000 after buying an additional 1,480 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of MRC Global by 14.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,557 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 1,568 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of MRC Global by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,115,792 shares of the oil and gas company’s stock valued at $15,220,000 after buying an additional 2,966 shares during the last quarter. 99.33% of the stock is owned by hedge funds and other institutional investors.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.

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Analyst Recommendations for MRC Global (NYSE:MRC)

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