MRC Global Given Consensus Rating of “Buy” by Brokerages (NYSE:MRC)
MRC Global (NYSE:MRC) has received an average recommendation of “Buy” from the ten ratings firms that are covering the company, Analyst Ratings Network.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $33.11.
MRC Global (NYSE:MRC) opened at 25.68 on Monday. MRC Global has a 52 week low of $23.95 and a 52 week high of $32.70. The stock has a 50-day moving average of $27.83 and a 200-day moving average of $27.89. The company has a market cap of $2.620 billion and a price-to-earnings ratio of 21.22.
MRC Global (NYSE:MRC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.42 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.42. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $0.43 earnings per share. MRC Global’s revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that MRC Global will post $1.71 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MRC shares. Analysts at Bank of America upgraded shares of MRC Global from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 10th. They now have a $30.00 price target on the stock, up previously from $27.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of MRC Global in a research note on Wednesday, June 18th. They now have a $30.00 price target on the stock. Finally, analysts at BB&T Corp. raised their price target on shares of MRC Global to $34.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock.
MRC Global Inc, formerly known as McJunkin Red Man Holding Corporation is a holding company. The Company is the distributor of pipe, valves and fittings (NYSE:MRC) and related products and services to the energy industry.
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