Goldman Sachs Starts MRC Global (MRC) at Neutral
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Price: $13.78 --0%
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Goldman Sachs initiates coverage on MRC Global (NYSE: MRC) with a Neutral rating and $20.
The firm is positive on the company's position as the No. 1 NA oilfield distributor, diversity across up-, mid- and downstream markets, and potential for significant inorganic growth and international expansion. However, more consistent free cash flow is required to justify a higher valuation.
For an analyst ratings summary and ratings history on MRC Global click here. For more ratings news on MRC Global click here.
Shares of MRC Global closed at $20.25 yesterday.
The firm is positive on the company's position as the No. 1 NA oilfield distributor, diversity across up-, mid- and downstream markets, and potential for significant inorganic growth and international expansion. However, more consistent free cash flow is required to justify a higher valuation.
For an analyst ratings summary and ratings history on MRC Global click here. For more ratings news on MRC Global click here.
Shares of MRC Global closed at $20.25 yesterday.
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