Raymond James Starts Stock Coverage on MRC Global (MRC)

By admin | 6 years ago

Equities researchers at Raymond James (NYSE: RJF) began coverage on shares of MRC Global (NYSE: MRC) in a report issued on Tuesday. The firm set an “outperform” rating and a $25.00 price target on the stock.

Shares of MRC Global traded up 0.15% during mid-day trading on Tuesday, hitting $20.49. MRC Global has a one year low of $19.50 and a one year high of $21.29. The company has a market cap of $2.079 billion and a P/E ratio of 30.67.

Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of MRC Global in a research note to investors on Tuesday. They set an “overweight” rating on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of MRC Global in a research note to investors on Tuesday. They set a “neutral” rating and a $20.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Robert W. Baird initiated coverage on shares of MRC Global in a research note to investors on Tuesday. They set an “outperform” rating and a $27.00 price target on the stock.

MRC Global Inc., formerly known as McJunkin Red Man Holding Corporation is a holding company. The Company is the distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry.

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