Brokerage Firm Rating Update on MRC Global (MRC)

MRC Global (MRC) : The consensus on MRC Global (MRC) based on 9 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

MRC Global (MRC) : 5 investment research analysts covering MRC Global (MRC) have an average price target of $16 for the near short term. The highest target price given by the Brokerage Firm to the stock is $18 and the lowest target is $13 for the short term. Analysts expect the variance to be within $1.87 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Maxim Group upgrades its rating on MRC Global (NYSE:MRC). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 4, 2016.

MRC Global (NYSE:MRC): The stock opened at $14.09 and touched an intraday high of $14.525 on Wednesday. During the day, the stock corrected to an intraday low of $14.01, however, the bulls stepped in and pushed the price higher to close in the green at $14.52 with a gain of 2.69% for the day. The total traded volume for the day was 1,136,714. The stock had closed at $14.14 in the previous trading session.

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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