MRC Global (MRC) Gets a Hold Rating from Robert W. Baird


Robert W. Baird analyst David Manthey reiterated a Hold rating on MRC Global (NYSE: MRC) yesterday and set a price target of $23. The company’s shares opened today at $21.95, close to its 52-week high of $22.98.

According to TipRanks.com, Manthey is a 4-star analyst with an average return of 10.8% and a 67.0% success rate. Manthey covers the Services sector, focusing on stocks such as Foundation Building Materials Inc, Anixter International Inc, and SiteOne Landscape Supply.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MRC Global with a $23.86 average price target.

See today’s analyst top recommended stocks >>

MRC Global’s market cap is currently $1.98B and has a P/E ratio of 38.15. The company has a Price to Book ratio of 2.65.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Andrew R. Lane, the President & CEO of MRC sold 226,864 shares for a total of $4,647,309.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts