MRC Global Inc [MRC] stock is trading at $12.89, up 2.63%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MRC shares have gain 3.04% over the last week, with a monthly amount glided 6.62%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, MRC Global Announces Agreement with Engine Capital and Appointment of Daniel Silvers to the Board of Directors. In a post published today on Yahoo Finance, MRC Global Inc. (NYSE: MRC) (“MRC Global” or the “Company”), the leading global distributor of pipe, valves and fittings (PVF) and other infrastructure products and services to diversified gas utility, energy and industrial end-markets, today announced that Daniel Silvers has been appointed to the Company’s Board of Directors, effective immediately. Mr. Silvers will serve on the Board’s Compensation and Environmental, Social, Governance and Enterprise Risk Committees.
From an analyst’s perspective:
MRC Global Inc [NYSE: MRC] stock has seen the most recent analyst activity on October 03, 2023, when Loop Capital initiated its Buy rating and assigned the stock a price target of $14. Previously, The Benchmark Company started tracking the stock with Buy rating on July 08, 2022, and set its price target to $14. On February 19, 2021, downgrade downgraded it’s rating to Neutral but maintained its price target of $7 on the stock. Stifel upgraded its rating to a Buy and reduced its price target to $7 on March 11, 2020. Evercore ISI downgraded its rating to In-line for this stock on March 09, 2020. In a note dated February 18, 2020, Cowen reiterated an Market Perform rating on this stock and revised its target price from $13.50 to $9.
MRC Global Inc [MRC] stock has fluctuated between $8.15 and $12.81 over the past year. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. MRC Global Inc [NYSE: MRC] shares were valued at $12.89 at the most recent close of the market. An investor can expect a potential return of 20.25% based on the average MRC price forecast.
Analyzing the MRC fundamentals
MRC Global Inc [NYSE:MRC] reported sales of 3.41B for the trailing twelve months, which represents a drop of -11.62%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.53 points at the first support level, and at 12.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.08, and for the 2nd resistance point, it is at 13.28.
MRC Global Inc [MRC] reported earnings per share of $0.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of $0.11 and a surprise factor of 91.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.32 per share as compared to estimates of $0.36 per share, a difference of -$0.04 representing a surprise of -11.10%.
Ratios To Look Out For
For context, MRC Global Inc’s Current Ratio is 1.48. In addition, the Quick Ratio stands at 0.76 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 13.05.
