McDermott International (MDR) Receives Price Target

McDermott International (MDR) : The most positive equity analysts on McDermott International (MDR) expects the shares to touch $7, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $5.5 with an expected fluctuation of $1.34 from the mean.

McDermott International (MDR) : 2 brokerage houses believe that McDermott International (MDR) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on McDermott International (MDR). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.53.


Also, Citigroup maintains their rating on the shares of McDermott International (NYSE:MDR). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $6 per share from $5 per share. The rating by the firm was issued on July 27, 2016.

McDermott International (NYSE:MDR): The stock opened at $5.19 on Thursday but the bulls could not build on the opening and the stock topped out at $5.23 for the day. The stock traded down to $5.01 during the day, due to lack of any buying support eventually closed down at $5.21 with a loss of -0.38% for the day. The stock had closed at $5.23 on the previous day. The total traded volume was 2,841,692 shares.

McDermott International, Inc. is an engineering, procurement, construction and installation (EPCI) company focused on designing and executing offshore oil and gas projects across the world. The Companys operating segments include Asia Pacific, Americas, Middle East and North Sea and Africa. The Asia Pacific segment serves customers in Australia, Indonesia, Vietnam, Malaysia, Thailand and India. The Americas segment serves customers in the United States, Brazil, Mexico, Trinidad and Africa. The Middle East segment includes its North Sea and Africa operations, which serves customers in Saudi Arabia, Qatar, the United Arab Emirates (U.A.E.), Kuwait, India, Azerbaijan, Russia, the North Sea and Africa. It delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning. Its customers include national, integrated and other oil and gas companies, and it operates in offshore oil and gas producing regions throughout the world.

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