Analysts Set McDermott International Inc (MDR) PT at $25.56

McDermott International Inc (NYSE:MDR) has been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $25.56.

A number of brokerages have commented on MDR. Credit Suisse Group reiterated a “neutral” rating and issued a $26.40 price objective (up previously from $21.90) on shares of McDermott International in a report on Thursday, February 22nd. Alembic Global Advisors set a $33.00 price objective on shares of McDermott International and gave the stock a “buy” rating in a report on Thursday, February 22nd. Deutsche Bank cut their price objective on shares of McDermott International from $27.90 to $24.90 and set a “hold” rating on the stock in a report on Thursday, February 22nd. ValuEngine upgraded shares of McDermott International from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. Finally, Zacks Investment Research upgraded shares of McDermott International from a “hold” rating to a “buy” rating and set a $22.50 price objective on the stock in a report on Tuesday, March 27th.

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Several institutional investors have recently modified their holdings of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of McDermott International during the 4th quarter valued at about $1,481,000. BlackRock Inc. grew its position in shares of McDermott International by 1.6% during the 4th quarter. BlackRock Inc. now owns 36,742,640 shares of the oil and gas company’s stock valued at $241,767,000 after buying an additional 576,284 shares during the last quarter. Jump Trading LLC bought a new stake in shares of McDermott International during the 4th quarter valued at about $235,000. Geode Capital Management LLC grew its position in shares of McDermott International by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 3,285,638 shares of the oil and gas company’s stock valued at $21,618,000 after buying an additional 24,017 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of McDermott International by 93.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,937 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 8,176 shares during the last quarter.

McDermott International traded down $0.10, reaching $21.47, during trading on Thursday, MarketBeat reports. The stock had a trading volume of 72,205 shares, compared to its average volume of 7,486,023. McDermott International has a 1-year low of $16.14 and a 1-year high of $27.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market capitalization of $2.06 billion, a P/E ratio of 11.19 and a beta of 1.86.

McDermott International (NYSE:MDR) last issued its quarterly earnings data on Tuesday, April 24th. The oil and gas company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. McDermott International had a net margin of 6.24% and a return on equity of 11.91%. The firm had revenue of $607.82 million for the quarter, compared to analyst estimates of $610.00 million. During the same quarter in the previous year, the business posted $0.24 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. sell-side analysts anticipate that McDermott International will post 1.47 EPS for the current year.

McDermott International Company Profile

McDermott International, Inc provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments. It operates through three segments: the Americas, Europe and Africa; the Middle East; and Asia. The company delivers fixed and floating production facilities, pipeline installations, and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.