In a report released yesterday, Blake Hirschman from Stephens reiterated a Buy rating on MRC Global (MRC), with a price target of $22. The company’s shares opened today at $18.22.
According to TipRanks.com, Hirschman is a 2-star analyst with an average return of 3.7% and a 83.3% success rate. Hirschman covers the Services sector, focusing on stocks such as Wesco International, Fastenal Company, and MSC Industrial.
Currently, the analyst consensus on MRC Global is a Moderate Buy with an average price target of $20.
See today’s analyst top recommended stocks >>
Based on MRC Global’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.01 billion and net profit of $10 million. In comparison, last year the company earned revenue of $903 million and had a net profit of $35 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MRC Global, Inc. is a holding company which is engaged in the distribution of pipes, valves, fittings, and related products and services to the energy industry. The company operates through the following geographical segments: U.S., Canadian, and International Operations.
