Extremely significant positive changes in MRC Global Inc (NYSE: MRC) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MRC is expected to continue to be a major Value Builder.
MRC Global has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MRC Global has a poor Appreciation Score of 30 but a good Power Rating of 72, with the Neutral Value Trend Rating the result.
Recent Price Action
MRC Global Inc (NYSE: MRC) stock closed at $12.20 on 3/8/24 after a modest gain of 0.9%. However, unusually low trading volume at 60% of normal accompanied the advance. The stock has risen 5.8% during the last week and has been strong relative to the market over the last nine months.
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