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.

Many analysts weighed in on price targets for MRC. The highest price target was 25, which equates to a potential upside of 53.75 percent. The most pessimistic price target was 17, which equates to a potential downside of 4.55 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 3 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.

MRC has traded between a high of 22.52 and a low of 11.50 over the past year. Currently the stock is 41.39 percent higher than its low, and 27.8 percent below the high. 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 market cap of MRC is $1.55 billion. MRC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.