MRC Similar Chart Price Prediction
The price of MRC is predicted to go up 10.61%, based on the high correlation periods with CRDL. The similarity of these two price pattern on the periods is 98.14%.
MRC
CRDL
Up: 10.61%Similarity: 98.14%
MRC Revenue Forecast
MRC EPS Forecast
MRC FAQs
What is MRC revenue forecast for next quarter？
The market consensus for MRC's revenue in the upcoming quarter is projected to be approximately $763.933M USD.
What is MRC eps forecast for next quarter？
MRC Analyst's Forecast
Nathan Jones
Stifel
Strong Buy
2024-10-15
Price Target
$14 → $15
Upside
+17.83%
Stifel raised the firm's price target on MRC Global to $15 from $14 and keeps a Buy rating on the shares. The firm notes the company announced that it has agreed to repurchase all 363,000 shares of its 6.50% Series A Convertible Perpetual Preferred Stock for $361M. MRC expects to finance the repurchase with a new senior secured term loan B of $350M, and the company is pursuing an amendment to its ABL facility that would extend its term until 2029. MRC also reported preliminary Q3 results for revenue of $797M, adjusted EBITDA of $48M, and CFO of $95M, Stifel adds.
