Analyst Ratings for MRC Global Inc. (MRC)Updated: 2017-07-27
Shares of MRC Global Inc. (NYSE:MRC) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for MRC last month.
14 analysts issued ratings on the stock, where 7 gave MRC a buy rating, 2 issued an overweight rating, 5 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
MRC was given price targets by several analysts. The maximum price target given was 25, implying potential capital gains of 53.75 percent. The most pessimistic price target was 17, implying potential capital losses of 4.55 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 25 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 187.5 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 202.38 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 3 analysts that revised their FY estimates downwards.
In the trailing 52-weeks, MRC hit 22.52 at the highest peak, while it's lowest trading point was 11.50. Currently the stock is 41.39 percent higher than its low, and below the high by 27.8 percent. MRC has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The MRC value stock report compares MRC to some of its peers using value stock charts. The stock has a market capitalization of $1.55 billion. MRC will post this quarters earnings in days, on 0000-00-00.