How KeyBanc Capital Markets Currently Rates MRC Global (NYSE:MRC)
The broker KeyBanc Capital Markets has have initiated coverage on MRC Global (NYSE:MRC)’s stock, rating it “Sector Weight”. This was distributed in a note on Friday morning.
From a total of 8 analysts covering MRC Global (NYSE:MRC) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $18 while the lowest target price is $14.5. The mean of all analyst targets is $16.81 with a 39.80% above today’s ($12.16) stock price. MRC Global was the topic of 4 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Maxim Group downgraded shares on November 10 to “Hold” rating. Maxim Group maintained shares with “Buy” rating and $17 target share price in a report from an August 6.
The stock decreased 5.81% or $0.75 on December 18, striking $12.16. Approximately 1.62M shares of stock traded hands. MRC Global Inc (NYSE:MRC) has declined 21.33% since May 15, 2015 and is downtrending. It has underperformed by 17.52% the S&P500.
The overall sentiment of institutions has decreased to 1.01 in Q2 2015. Its down 0.20, from 1.21 in 2015Q2. The ratio is negative, as 37 institutions have sold all the shares of MRC Global Inc that they owned while 51 funds have taken shares off the table. 26 funds have purchased shares for the first time while 63 added to their positions. These institutions now hold 100.93 million shares or 1.52% less than the 102.49 million shares they owned in 2015Q2.
The Fund Schneider Capital Management Corp currently is holding shares equating to 4.53% of its total portfolio in MRC Global Inc representing a total of 1.94 million shares. Another fund,Fairholme Capital Management Llc, is holding a total of 5.33 million shares equating to 1.71% of their holdings. Additionally, Tweedy Browne Co Llc has a 4.94 million share stake in MRC Global Inc which represents 1.64% of their total portfolio. The Fund, Hawk Ridge Capital Management Lp, based out of California, has also built up a stake in the stock, which represents a total of 1.62% of their total portfolio. Finally Lyrical Asset Management Lp, a fund which is based in the state of New York reported a total holdings of 4.76 million shares.
MRC Global Inc. is a global industrial distributor of pipe, valves and fittings and related services and products to the energy industry. The company has a market cap of $1.35 billion. The Firm 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. It has 14.54 P/E ratio. The Company’s 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.
According to Zacks Investment Research, “MRC Global Inc. operates as a distributor of pipe, valve, and fittings and related products and services to the energy industry. The Company serves various industries such as chemical and petrochemical, food processing, gas distribution, gas transmission, oil and gas exploration and production, pharmaceutical, pulp and paper, refining, steel manufacturing, and power generation. The products offered by MRC include Valves and Specialty Products, Line Pipe, OCTG, Carbon Steel Fittings and Flanges and Stainless Steel and Alloy Pipe and Fittings and others. MRC Global Inc. is headquartered in Houston, Texas.”