TOday’s Movers: McDermott International (NYSE:MDR) Stock Rating Reconfirmed by Analysts at Credit Suisse; $8.8 Target Price Indicates 17.49 % Potential

February 23, 2018 - By Migdalia James

 TOday’s Movers: McDermott International (NYSE:MDR) Stock Rating Reconfirmed by Analysts at Credit Suisse; $8.8 Target Price Indicates 17.49 % Potential

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.23, from 1.39 in 2017Q2. It dropped, as 24 investors sold McDermott International, Inc. shares while 72 reduced holdings. 36 funds opened positions while 75 raised stakes. 243.14 million shares or 1.18% less from 246.04 million shares in 2017Q2 were reported.

Profund Advisors Lc, a Maryland-based fund reported 43,828 shares. Hotchkis Wiley Management Llc owns 7.58M shares for 0.22% of their portfolio. Pacad Investment Limited reported 27,981 shares stake. Pnc Serv Grp Inc holds 4,808 shares or 0% of its portfolio. Bb&T Securities Ltd accumulated 14,606 shares or 0% of the stock. Virginia Retirement Sys Et Al stated it has 233,888 shares. Glenmede Tru Na holds 0% in McDermott International, Inc. (NYSE:MDR) or 6,885 shares. Arizona State Retirement System reported 0.01% in McDermott International, Inc. (NYSE:MDR). Moreover, Pinebridge Invs L P has 0.03% invested in McDermott International, Inc. (NYSE:MDR) for 189,625 shares. State Common Retirement Fund invested in 438,842 shares or 0% of the stock. Panagora Asset Mngmt has 1.47 million shares. Moreover, Grp Inc has 0.01% invested in McDermott International, Inc. (NYSE:MDR) for 360,329 shares. Balyasny Asset Mngmt Limited Company invested 0% of its portfolio in McDermott International, Inc. (NYSE:MDR). Geode Cap Mngmt Limited Liability Company has 3.26 million shares for 0.01% of their portfolio. Clinton Group Inc Inc owns 0.01% invested in McDermott International, Inc. (NYSE:MDR) for 11,791 shares.

McDermott International (NYSE:MDR) Rating Reaffirmed

McDermott International (NYSE:MDR) just had their share rating of a ‘Neutral’ issued by research analysts at Credit Suisse, who now has a $8.8 TP on the $2.13 billion market cap company or a 17.49 % upside potential. This key information was revealed to clients and investors in a note on Thursday, 22 February.

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.23, from 1.39 in 2017Q2. It dropped, as 24 investors sold McDermott International, Inc. shares while 72 reduced holdings. 36 funds opened positions while 75 raised stakes. 243.14 million shares or 1.18% less from 246.04 million shares in 2017Q2 were reported.

Profund Advisors Lc, a Maryland-based fund reported 43,828 shares. Hotchkis Wiley Management Llc owns 7.58M shares for 0.22% of their portfolio. Pacad Investment Limited reported 27,981 shares stake. Pnc Serv Grp Inc holds 4,808 shares or 0% of its portfolio. Bb&T Securities Ltd accumulated 14,606 shares or 0% of the stock. Virginia Retirement Sys Et Al stated it has 233,888 shares. Glenmede Tru Na holds 0% in McDermott International, Inc. (NYSE:MDR) or 6,885 shares. Arizona State Retirement System reported 0.01% in McDermott International, Inc. (NYSE:MDR). Moreover, Pinebridge Invs L P has 0.03% invested in McDermott International, Inc. (NYSE:MDR) for 189,625 shares. State Common Retirement Fund invested in 438,842 shares or 0% of the stock. Panagora Asset Mngmt has 1.47 million shares. Moreover, Grp Inc has 0.01% invested in McDermott International, Inc. (NYSE:MDR) for 360,329 shares. Balyasny Asset Mngmt Limited Company invested 0% of its portfolio in McDermott International, Inc. (NYSE:MDR). Geode Cap Mngmt Limited Liability Company has 3.26 million shares for 0.01% of their portfolio. Clinton Group Inc Inc owns 0.01% invested in McDermott International, Inc. (NYSE:MDR) for 11,791 shares.

McDermott International, Inc. (NYSE:MDR) Ratings Coverage

Among 12 analysts covering McDermott International (NYSE:MDR), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. McDermott International has $10.5 highest and $2.75 lowest target. $7.51’s average target is 0.27% above currents $7.49 stock price. McDermott International had 33 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 26 by Deutsche Bank. The company was upgraded on Friday, May 26 by Scotia Capital. The stock of McDermott International, Inc. (NYSE:MDR) earned “Buy” rating by Alembic on Thursday, February 22. Howard Weil upgraded the shares of MDR in report on Monday, March 28 to “Sector Outperform” rating. DA Davidson maintained the stock with “Neutral” rating in Monday, March 14 report. Morgan Stanley maintained McDermott International, Inc. (NYSE:MDR) on Tuesday, April 19 with “Underweight” rating. Sterne Agee CRT initiated the stock with “Neutral” rating in Tuesday, May 24 report. Imperial Capital maintained the shares of MDR in report on Thursday, September 3 with “Outperform” rating. Citigroup initiated the shares of MDR in report on Friday, November 13 with “Neutral” rating. Credit Suisse maintained McDermott International, Inc. (NYSE:MDR) rating on Thursday, November 2. Credit Suisse has “Neutral” rating and $7.3 target.

The stock increased 0.81% or $0.06 during the last trading session, reaching $7.49. About 1.88M shares traded. McDermott International, Inc. (NYSE:MDR) has risen 47.07% since February 23, 2017 and is uptrending. It has outperformed by 30.37% the S&P500.

McDermott International, Inc. provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments worldwide. The company has market cap of $2.13 billion. It operates through three divisions: the Americas, Europe and Africa; the Middle East; and Asia. It has a 13.9 P/E ratio. The firm delivers fixed and floating production facilities, pipeline installations, and subsea systems from concept to commissioning for offshore and subsea gas and oil projects.

More news for McDermott International, Inc. (NYSE:MDR) were recently published by: Globenewswire.com, which released: “McDermott Reports Fourth Quarter and Full Year 2017 Financial and Operational …” on February 21, 2018. Seekingalpha.com‘s article titled: “McDermott: Significant Breakout” and published on January 25, 2018 is yet another important article.

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