Published On: Wed, Oct 19th, 2016

MRC Global Inc. (NYSE:MRC) Analyst Review


A number of investment brokers have recently updated their price targets on shares of MRC Global Inc. (NYSE:MRC).

Most recent broker ratings

09/16/2016 – Cowen began new coverage on MRC Global Inc. giving the company a “market perform” rating. They now have a USD 16 price target on the stock.

08/04/2016 – MRC Global Inc. was upgraded to “buy” by analysts at Maxim Group. They now have a USD 16 price target on the stock.

08/03/2016 – MRC Global Inc. was upgraded to “overweight” by analysts at Capital One.

02/25/2016 – MRC Global Inc. was downgraded to “neutral” by analysts at Longbow Research.

11/09/2015 – MRC Global Inc. was downgraded to “sector weight” by analysts at KeyBanc.

05/29/2015 – JP Morgan began new coverage on MRC Global Inc. giving the company a “overweight” rating. They now have a USD 24 price target on the stock.

05/19/2015 – MRC Global Inc. was downgraded to “hold” by analysts at Zacks. They now have a USD 19 price target on the stock.

05/05/2015 – MRC Global Inc. had its “buy” rating reiterated by analysts at Evercore ISI. They now have a USD 19 price target on the stock.

05/04/2015 – MRC Global Inc. had its “overweight” rating reiterated by analysts at Stephens. They now have a USD 24 price target on the stock.

02/23/2015 – MRC Global Inc. was downgraded to “hold” by analysts at BB&T Capital Markets.

02/23/2015 – MRC Global Inc. was downgraded to “neutral” by analysts at Robert W. Baird. They now have a USD 14 price target on the stock.

12/02/2014 – MRC Global Inc. was downgraded to “accumulate” by analysts at Global Hunter Securities.

08/04/2014 – MRC Global Inc. was upgraded to “positive” by analysts at Bank of America Merrill Lynch. They now have a USD 28 price target on the stock.

04/15/2014 – MRC Global Inc. was upgraded to “buy” by analysts at TheStreet.

12/17/2013 – MRC Global Inc. had its “overweight” rating reiterated by analysts at Barclays. They now have a USD 39 price target on the stock.

The share price of MRC Global Inc. (NYSE:MRC) was up +0.06% during the last day of trading, with a day high of 16.18. 584442 shares were traded during the last session.

The stock’s 50 day moving average is 15.23 and its 200 day moving average is 14.30. The stock’s market capitalization is 1.53B. MRC Global Inc. has a 52-week low of 8.50 and a 52-week high of 17.11.

MRC Global Inc. is an industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company operates through three segments: the United States of America, Canada and International. It has branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Kazakhstan. Its product types include valves, automation and instrumentation; carbon steel fittings and flanges and stainless steel and alloy pipe and fittings; line pipe, and oil country tubular goods (OCTG). Its valves, automation and instrumentation product offering includes ball, butterfly, gate, check, needle and plug valves, which are manufactured from cast steel, stainless/alloy steel, forged steel, carbon steel or cast and ductile iron. Its carbon steel fittings and flanges include carbon weld fittings, flanges and piping components used to connect piping and valve systems.