Recent Investment Analysts’ Ratings Updates for MRC Global (MRC)

by · The Cerbat Gem

MRC Global (NYSE: MRC) has recently received a number of price target changes and ratings updates:

  • 10/18/2024 – MRC Global was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 10/15/2024 – MRC Global had its price target raised by analysts at Stifel Nicolaus from $14.00 to $15.00. They now have a “buy” rating on the stock.
  • 10/10/2024 – MRC Global was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 10/2/2024 – MRC Global was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 9/24/2024 – MRC Global was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

MRC Global Stock Performance

Shares of NYSE:MRC traded down $0.11 during trading on Tuesday, hitting $12.45. 318,209 shares of the stock traded hands, compared to its average volume of 584,853. The company has a quick ratio of 1.10, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 14.48 and a beta of 1.97. MRC Global Inc. has a 52-week low of $9.47 and a 52-week high of $14.91. The company has a fifty day moving average price of $12.54 and a two-hundred day moving average price of $12.73.

MRC Global (NYSE:MRC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $832.00 million during the quarter, compared to the consensus estimate of $831.32 million. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. As a group, equities analysts predict that MRC Global Inc. will post 0.91 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in MRC Global by 308.2% in the 2nd quarter. CWM LLC now owns 2,584 shares of the oil and gas company’s stock worth $33,000 after buying an additional 1,951 shares in the last quarter. Innealta Capital LLC purchased a new stake in MRC Global during the 2nd quarter worth about $45,000. Canada Pension Plan Investment Board acquired a new position in MRC Global during the second quarter worth $56,000. DekaBank Deutsche Girozentrale purchased a new position in shares of MRC Global in the 2nd quarter worth about $56,000. Finally, nVerses Capital LLC acquired a new position in MRC Global during the 2nd quarter valued at approximately $70,000. 94.97% of the stock is owned by institutional investors and hedge funds.

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.

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