MRC Global (MRC) : Analyst Rating Update

MRC Global (MRC) has an average broker rating of 2.8, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

MRC Global (MRC) : Currently there are 6 street experts covering MRC Global (MRC) stock. The most bullish and bearish price target for the stock is $18 and $13 respectively for the short term. The average price target of all the analysts comes to $15.83. The estimated standard deviation from the target is $1.83.

MRC Global (NYSE:MRC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.43 and $13.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.69, notching a gain of 1.03% for the day. The total traded volume was 579,765 . The stock had closed at $13.55 on the previous day.

The company shares have dropped -9.49% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $15.80 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $14.03 and the 200 Day Moving Average price is recorded at $12.75.

MRC Global Inc. is a global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company offers products that are used in the construction, maintenance, repair and overhaul of equipment used in extreme operating conditions, such as high pressure, high/low temperature and high corrosive and abrasive environments. Its product types include valves, automation and instrumentation, carbon steel fittings and flanges and stainless steel and alloy pipe and fittings, line pipe and oil country tubular goods, among others. The Company offers around 230,000 stock keeping units, including an array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. The Company operates through its U.S., Canadian, and International segments. It has operations in over 400 service locations. It provides services, such as product testing, volume purchasing and warehousing, among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.