McDermott International Inc (NYSE:MDR) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $7.81.
A number of research analysts have issued reports on the company. ValuEngine raised McDermott International from a “buy” rating to a “strong-buy” rating in a report on Monday, November 6th. Deutsche Bank decreased their price target on McDermott International from $6.50 to $5.25 and set a “hold” rating for the company in a report on Tuesday, October 24th. UBS Group boosted their price target on McDermott International from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research downgraded McDermott International from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Morgan Stanley reaffirmed a “sell” rating on shares of McDermott International in a research note on Wednesday, December 20th.
Shares of McDermott International (NYSE MDR) traded down $0.18 during trading hours on Tuesday, reaching $7.50. The company’s stock had a trading volume of 1,800,011 shares, compared to its average volume of 7,930,525. McDermott International has a one year low of $5.56 and a one year high of $9.07. The firm has a market capitalization of $2,180.00, a P/E ratio of 14.17 and a beta of 1.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.70 and a quick ratio of 1.70.
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McDermott International Company Profile
McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.
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