Extremely significant positive changes in MRC Global Inc (NYSE: MRC) investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Marginal positive changes in MRC Global Inc (NYSE: MRC) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly.
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
Reflecting future returns on capital that are 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MRC Global has a poor Appreciation Score of 29 but a good Power Rating of 83, and the Neutral Value Trend Rating results.
Recent Price Action
On 6/28/24, MRC Global Inc (NYSE: MRC) stock enjoyed a large increase of 3.3%, closing at $12.91. Moreover, exceptionally high trading volume at 759% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 5.3% during the last week.
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