Tigress Financial Initiates Coverage on McDermott International (MDR)
Investment analysts at Tigress Financial initiated coverage on shares of McDermott International (NYSE:MDR) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on MDR. Analysts at Alembic Global Advisors initiated coverage on shares of McDermott International in a research note on Thursday, June 12th. They set a “neutral” rating and a $8.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McDermott International in a research note on Friday, May 23rd. They now have a $7.50 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of McDermott International from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Five equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.34.
McDermott International (NYSE:MDR) opened at 7.47 on Wednesday. McDermott International has a 52 week low of $6.58 and a 52 week high of $9.36. The stock’s 50-day moving average is $7.74 and its 200-day moving average is $7.8. The company’s market cap is $1.774 billion.
McDermott International (NYSE:MDR) last announced its earnings results on Wednesday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.09. The company had revenue of $603.80 million for the quarter, compared to the consensus estimate of $664.56 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was down 25.2% on a year-over-year basis. On average, analysts predict that McDermott International will post $-0.39 earnings per share for the current fiscal year.
McDermott International, Inc (NYSE:MDR) is a engineering, procurement, construction and installation (EPCI) company.
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