MRC Global Inc. (NYSE:MRC) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• MRC Global Inc. has received a consensus rating of "Hold" from five brokerages, with three recommending holding the stock and two suggesting a buy.
• The average 12-month target price for MRC Global is $16.00, while its shares recently traded at $14.99 after a 0.53 increase.
• Institutional investors own approximately 94.97% of MRC Global's stock, indicating strong institutional interest in the company.

MRC Global Inc. (NYSE:MRC - Get Free Report) has earned a consensus rating of "Hold" from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.00.

A number of equities analysts have commented on MRC shares. Weiss Ratings reissued a "hold (c-)" rating on shares of MRC Global in a research note on Saturday, September 27th. Susquehanna downgraded shares of MRC Global from a "positive" rating to a "neutral" rating and set a $15.00 price target for the company. in a report on Thursday. Stifel Nicolaus decreased their price objective on MRC Global from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Zacks Research upgraded MRC Global to a "hold" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised MRC Global from a "hold" rating to a "buy" rating in a research report on Friday, June 6th.

MRC Global Price Performance

Shares of MRC Global stock traded up $0.53 during trading on Friday, reaching $14.99. 692,265 shares of the stock traded hands, compared to its average volume of 842,960. The business has a fifty day simple moving average of $14.50 and a two-hundred day simple moving average of $13.07. MRC Global has a 52-week low of $9.23 and a 52-week high of $15.59. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -62.44 and a beta of 1.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.84 and a quick ratio of 1.00.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $798.00 million during the quarter, compared to analyst estimates of $784.60 million. MRC Global had a positive return on equity of 11.81% and a negative net margin of 0.10%.The firm's revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Sell-side analysts expect that MRC Global will post 0.86 EPS for the current year.

Institutional Investors Weigh In On MRC Global

Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of MRC Global in the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC bought a new position in shares of MRC Global during the second quarter valued at approximately $27,000. SBI Securities Co. Ltd. grew its stake in shares of MRC Global by 98.7% during the second quarter. SBI Securities Co. Ltd. now owns 2,023 shares of the oil and gas company's stock valued at $28,000 after buying an additional 1,005 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of MRC Global during the first quarter valued at approximately $44,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of MRC Global during the second quarter valued at approximately $67,000. Institutional investors own 94.97% of the company's stock.

About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.

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