Shares in MRC Global Inc. (MRC) 45.55 % up, YTD – Marketing Sentinel

Shares in MRC Global Inc. (MRC) 45.55 % up, YTD

MRC Global Inc. (NYSE:MRC) has a beta value of 2.55 and has seen 1,108,774 shares traded in the last trading session. The company, currently valued at $796.18 Million, closed the last trade at $9.65 per share which meant it gained $0.25 on the day or 2.66% during that session. The MRC stock price is -3.63% off its 52-week high price of $10 and 63.73% above the 52-week low of $3.5. If we look at the company’s 10-day average daily trading volume, we find that it stood at 556.67 Million shares traded. The 3-month trading volume is 606.27 Million shares.

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The consensus among analysts is that MRC Global Inc. (MRC) is an Overweight stock at the moment, with a recommendation rating of 2.1. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.

MRC Global Inc. (NYSE:MRC) trade information

Sporting 2.66% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the MRC stock price touched $9.97-3 or saw a rise of 3.21%. Year-to-date, MRC Global Inc. shares have moved 45.55%, while the 5-day performance has seen it change 12.6%. Over the past 30 days, the shares of MRC Global Inc. (NYSE:MRC) have changed 0.1%. Short interest in the company has seen 4.55 Million shares shorted with days to cover at 0.01.

Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 24.35% from current levels. The projected low price target is $9 while the price target rests at a high of $17. In that case, then, we find that the current price level is +76.17% off the targeted high while a plunge would see the stock lose -6.74% from current levels.

MRC Global Inc. (MRC) estimates and forecasts

Figures show that MRC Global Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +126.53% over the past 6 months, with this year growth rate of 137.5%, compared to 15.6% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 110% and 170% for the next quarter. Revenue growth from the last financial year stood is estimated to be +2.1%.

6 analysts offering their estimates for the company have set an average revenue estimate of $660.02 Million for the current quarter. 6 have an estimated revenue figure of $685.78 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $602Million and $567.39 Million respectively for this quarter and the next, and analysts expect sales will grow by 9.6% for the current quarter and 20.9% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.5% over the past 5 years. Earnings growth for 2021 is a modest +120.8% while over the next 5 years, the company’s earnings are expected to increase by 15%.


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MRC Global Inc. (NYSE:MRC)’s Major holders

Insiders own 3.55% of the company shares, while shares held by institutions stand at 96.77% with a share float percentage of 100.33%. Investors are also buoyed by the number of investors in a company, with MRC Global Inc. having a total of 225 institutions that hold shares in the company. The top two institutional holders are AllianceBernstein, L.P. with over 10.66 Million shares worth more than $70.69 Million. As of December 30, 2020, AllianceBernstein, L.P. held 12.92% of shares outstanding.

The other major institutional holder is FMR, LLC, with the holding of over 9.87 Million shares as of December 30, 2020. The firm’s total holdings are worth over $65.42 Million and represent 11.96% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Undiscovered Managers Behavioral Value Fund and Fidelity Value Fund. As of January 30, 2021, the former fund manager holds about 4.16% shares in the company for having 3432804 shares of worth $23.72 Million while later fund manager owns 2.96 Million shares of worth $25.83 Million as of February 27, 2021, which makes it owner of about 3.58% of company’s outstanding stock.

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