McDermott International Inc. (NYSE:MDR) – Investment analysts at Imperial Capital upped their FY2018 EPS estimates for McDermott International in a research note issued to investors on Wednesday. Imperial Capital analyst S. Levine now expects that the brokerage will post earnings per share of $0.20 for the year, up from their previous estimate of $0.17. Imperial Capital currently has a “Outperform” rating and a $7.00 target price on the stock.
A number of other equities research analysts also recently weighed in on MDR. Credit Suisse Group AG restated a “hold” rating and set a $4.41 target price on shares of McDermott International in a research report on Saturday, June 4th. Vetr downgraded McDermott International from a “buy” rating to a “hold” rating and set a $4.46 target price for the company. in a research report on Monday, April 18th. Zacks Investment Research downgraded McDermott International from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Morgan Stanley boosted their target price on McDermott International from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 19th. Finally, Sterne Agee CRT started coverage on McDermott International in a research report on Tuesday, May 24th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $5.22.
Shares of McDermott International (NYSE:MDR) traded down 0.39% during midday trading on Thursday, reaching $5.12. The company had a trading volume of 3,401,161 shares. The company’s 50-day moving average is $4.86 and its 200-day moving average is $4.02. The firm has a market cap of $1.23 billion and a P/E ratio of 426.67. McDermott International has a 52-week low of $2.20 and a 52-week high of $6.00.
An institutional investor recently raised its position in McDermott International stock. Swiss National Bank boosted its stake in McDermott International Inc. (NYSE:MDR) by 1.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 317,500 shares of the company’s stock after buying an additional 5,400 shares during the period. Swiss National Bank owned approximately 0.13% of McDermott International worth $1,064,000 at the end of the most recent reporting period.
McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI) and module fabrication services for upstream field developments. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects.
