Core Viewpoint - MRC Global (MRC) shows potential for significant upside, with a mean price target of 11.62 [1] Price Targets and Analyst Estimates - The mean estimate consists of four short-term price targets with a standard deviation of 15 (29.1% increase) to $17 (46.3% increase) [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Analyst Sentiment and Earnings Estimates - Analysts have shown increasing optimism about MRC's earnings prospects, with a positive trend in earnings estimate revisions correlating with potential stock price increases [11] - Over the last 30 days, one estimate has increased while there were no negative revisions, leading to a 3.1% rise in the Zacks Consensus Estimate for the current year [12] Zacks Rank and Investment Potential - MRC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13]
Wall Street Analysts See a 39.85% Upside in MRC (MRC): Can the Stock Really Move This High?