UBS AG Reiterates Buy on McDermott International (MDR)

By admin | 6 years ago

McDermott International (NYSE: MDR)‘s stock had its “buy” rating restated by analysts at UBS AG (NYSE: UBS) in a research report issued to clients and investors on Monday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of McDermott International in a research note to investors on Monday. Finally, analysts at Citigroup (NYSE: C) cut their price target on shares of McDermott International from $19.00 to $18.00 in a research note to investors on Monday.

McDermott International opened at 11.15 on Monday. McDermott International has a 52-week low of $9.34 and a 52-week high of $23.56. The company has a market cap of $2.627 billion and a price-to-earnings ratio of 20.13.

McDermott International last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.10. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. Analysts expect that McDermott International will post $0.25 EPS next quarter.

McDermott International, Inc. (MII) is an engineering, procurement, construction and installation (EPCI) company.

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