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.
A number of analysts gave price targets for MRC. The most optimistic price target was 25, implying a possible profit of 53.75 percent. The minimum price target given was 17, implying a possible loss 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. If we look at the last 90 days instead, we find a net average change of 202.38 percent in FY estimates.
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, while 2 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, 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 27.8 percent lower than its 52-week 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.