Seaport Global Reaffirms Their Hold Rating on MRC Global (MRC)


In a report issued on November 2, Walter Liptak from Seaport Global reiterated a Hold rating on MRC Global (MRC), with a price target of $18. The company’s shares opened today at $16.49.

According to TipRanks.com, Liptak is a 4-star analyst with an average return of 5.5% and a 53.8% success rate. Liptak covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Federal Signal Corp, and Illinois Tool Works.

Currently, the analyst consensus on MRC Global is a Moderate Buy with an average price target of $21, implying a 27.3% upside from current levels. In a report issued on November 1, Robert W. Baird also maintained a Hold rating on the stock with a $20 price target.

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MRC Global’s market cap is currently $1.48B and has a P/E ratio of 28.43. The company has a Price to Book ratio of 1.97.

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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.

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