Are Analysts Bearish MRC Global Inc (NYSE:MRC) After Last Week?

Out of 7 analysts covering MRC Global (NYSE:MRC), 8 rate it “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. MRC Global was the topic in 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Capital One downgraded the stock on February 25 to “Equal-Weight” rating. Below is a list of MRC Global Inc (NYSE:MRC) latest ratings and price target changes.

25/02/2016 Broker: Capital One Old Rating: Overweight New Rating: Equal-Weight Downgrade
25/02/2016 Broker: Longbow Old Rating: Buy New Rating: Neutral Downgrade
29/12/2015 Broker: CapitalOne Rating: Overweight Initiate
18/12/2015 Broker: KeyBanc Capital Markets Rating: Sector Weight Initiate
10/11/2015 Broker: Maxim Group Old Rating: Buy New Rating: Hold Downgrade
09/11/2015 Broker: KeyBanc Capital Markets Rating: Sector Perform Downgrade

The stock increased 1.37% or $0.2 on March 11, hitting $14.82. MRC Global Inc (NYSE:MRC) has risen 15.88% since August 6, 2015 and is uptrending. It has outperformed by 18.83% the S&P500.

MRC Global Inc. is a global industrial distributor of pipe, valves and fittings and related services and products to the energy industry. The company has a market cap of $1.52 billion. The Firm offers products that are used in the construction, maintenance, repair and overhaul of equipment used in extreme operating conditions, such as high pressure, high/low temperature and high corrosive and abrasive environments. It currently has negative earnings. The Company’s product types include valves, automation and instrumentation, carbon steel fittings and flanges and stainless steel and alloy pipe and fittings, line pipe and oil country tubular goods, among others.

The institutional sentiment decreased to 1.01 in 2015 Q3. Its down 0.20, from 1.21 in 2015Q2. The ratio turned negative, as 37 funds sold all MRC Global Inc shares owned while 51 reduced positions. 26 funds bought stakes while 63 increased positions. They now own 100.93 million shares or 1.52% less from 102.49 million shares in 2015Q2.

Schneider Capital Management Corp holds 4.53% of its portfolio in MRC Global Inc for 1.94 million shares. Fairholme Capital Management Llc owns 5.33 million shares or 1.71% of their US portfolio. Moreover, Tweedy Browne Co Llc has 1.64% invested in the company for 4.94 million shares. The California-based Hawk Ridge Capital Management Lp has invested 1.62% in the stock. Lyrical Asset Management Lp, a New York-based fund reported 4.76 million shares.

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