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 most optimistic analyst gave a price target of 25, which equates to a potential upside of 53.75 percent. The lowest price target 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. That number becomes 187.5 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. 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. Over the past month, 3 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 3 analysts that revised their FY estimates downwards.
MRC has a 52-week high of 22.52 and a 52-week low of 11.50. Currently the stock is 41.39 percent higher than its low, and 27.8 percent below the high. MRC has a price/earnings 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.