Research analysts at Longbow Research began coverage on shares of MRC Global (NYSE: MRC) in a report released on Friday. The firm set a “neutral” rating on the stock.
Shares of MRC Global opened at 30.72 on Friday. MRC Global has a 52 week low of $19.04 and a 52 week high of $32.16. The stock’s 50-day moving average is currently $30.45. The company has a market cap of $3.120 billion and a P/E ratio of 25.18.
MRC Global last announced its earnings results on Thursday, February 21st. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.39 billion. MRC Global’s revenue was up .1% compared to the same quarter last year. MRC Global has set its FY13 guidance at $2.10-$2.35 EPS. On average, analysts predict that MRC Global will post $2.34 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of MRC Global from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $34.10 price target on the stock. Analysts at Barclays Capital cut their price target on shares of MRC Global from $37.00 to $35.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock.
Five research analysts have rated the stock with a buy rating, three have given an overweight rating, and one has given a sell rating to the stock. The company has a consensus rating of “overweight” and a consensus price target of $32.29.
MRC Global Inc., formerly known as McJunkin Red Man Holding Corporation is a holding company. The Company is the distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry.
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