Short Term Rating on MRC Global (MRC)

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) stock is expected to deviate a maximum of $1.83 from the average target price of $15.83 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $13.

Company shares have received an average consensus rating of Hold for the current week


MRC Global (NYSE:MRC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.45 and $14.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.50, notching a gain of 2.76% for the day. The total traded volume was 1,195,458 . The stock had closed at $14.11 on the previous day.

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.

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