Analyst Revises MRC Global Inc. (NYSE:MRC) Stock Target


MRC Global Inc. (NYSE:MRC) mean price target has been set at $16.440 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $-0.150 in the near-term quarter and $-0.590 for the ongoing fiscal. The market cap of MRC Global Inc. Common Stock was recorded at $1.45B after the stock closed at $15.010 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. MRC Global Inc. (NYSE:MRC) has a P/E ratio of N/A. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

MRC Global Inc. (NYSE:MRC) PEG ratio sits at -1.690. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of MRC Global Inc. Common Stock visibly illustrates that the 50-day MA of MRC Global Inc. Common Stock is $14.128, and stock is trading $0.917 points away or +6.492% from its 50-day moving average of $14.128. Further it is trading $1.556 or +11.539% away its 200-day moving average of $13.489. MRC Global Inc. (NYSE:MRC) 52-week high is $15.490 and the 52-week low is $8.500. This represents that if the stock moves $-0.445 points up on the chart to it will make a 52-week high. But, if it declines +77.000%, then the shares price can hit a new 52-week low.

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