MRC Global (MRC) Receives Price Target

MRC Global (MRC) stock is expected to deviate a maximum of $1.87 from the average target price of $16 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $13.

MRC Global (MRC) : Zacks Investment Research ranks MRC Global (MRC) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.33, which indicates as a Buy.


Also, Major Brokerage house, Maxim Group upgrades its ratings on MRC Global (NYSE:MRC). According to the latest information available, the shares are now rated Buy by the analysts at the agency. 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 $14.62 on Thursday but the bulls could not build on the opening and the stock topped out at $14.66 for the day. The stock traded down to $14.08 during the day, due to lack of any buying support eventually closed down at $14.20 with a loss of -3.20% for the day. The stock had closed at $14.67 on the previous day. The total traded volume was 1,116,104 shares.

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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