Analyst Rating Update on MRC Global (MRC)

MRC Global (NYSE:MRC) : 10 analysts are covering MRC Global (NYSE:MRC) and their average rating on the stock is 2.8, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

MRC Global (NYSE:MRC) : The highest short term price target forecast on MRC Global (NYSE:MRC) is $18 and the lowest target price is $13. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $15.83 with a standard deviation of $1.83.

Company shares have received an average consensus rating of Hold for the current week

MRC Global (NYSE:MRC): stock turned positive on Tuesday. Though the stock opened at $13.37, the bulls momentum made the stock top out at $13.43 level for the day. The stock recorded a low of $12.99 and closed the trading day at $13.22, in the green by 0.99%. The total traded volume for the day was 1,101,159. The stock had closed at $13.09 in the previous days trading.

In an insider trading activity, The director, of Mrc Global Inc., Krans Gerard Pieter had unloaded 15,130 shares at $15.02 per share in a transaction on June 9, 2016. The total value of transaction was $227,253. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

MRC Global Inc. is a global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company offers products that are used in the construction, maintenance, repair and overhaul of equipment used in extreme operating conditions, such as high pressure, high/low temperature and high corrosive and abrasive environments. 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, among others. The Company offers around 230,000 stock keeping units, including an array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. The Company operates through its U.S., Canadian, and International segments. It has operations in over 400 service locations. It provides services, such as product testing, volume purchasing and warehousing, among others.

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