MRC Global Inc (NYSE: MRC) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Important negative changes in fundamentals have recently occurred for MRC Global Inc (NYSE: MRC): the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution 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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. MRC Global has a slightly negative Appreciation Score of 32 but a very high Power Rating of 87, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 9/12/24, MRC Global Inc (NYSE: MRC) stock rose modestly by 0.9%, closing at $11.69. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.6% during the last week.
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