MRC Global Receives Consensus Rating of “Buy” from Analysts (NYSE:MRC)
Shares of MRC Global (NYSE:MRC) have received a consensus rating of “Buy” from the nine analysts that are currently covering the company, American Banking and Market News reports. Nine investment analysts have rated the stock with a buy rating, The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $33.00.
MRC has been the subject of a number of recent research reports. Analysts at BB&T Corp. reiterated a “buy” rating on shares of MRC Global in a research note on Tuesday. They now have a $32.00 price target on the stock. Separately, analysts at Bank of America upgraded shares of MRC Global from a “neutral” rating to a “positive” rating in a research note on Monday. They now have a $28.00 price target on the stock, down previously from $31.00. Finally, 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.
Shares of MRC Global (NYSE:MRC) opened at 25.01 on Monday. MRC Global has a 52 week low of $23.95 and a 52 week high of $32.70. The stock’s 50-day moving average is $27.42 and its 200-day moving average is $27.72. The company has a market cap of $2.552 billion and a price-to-earnings ratio of 20.50.
MRC Global (NYSE:MRC) last released its earnings data on Thursday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts predict that MRC Global will post $1.65 earnings per share for the current fiscal year.
MRC Global Inc is a distributor of pipe, valves and fittings and related products and services to the energy industry.
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