McDermott International Inc. (NYSE:MDR) has received an average rating of “Hold” from the thirteen brokerages that are covering the company. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $4.98.

Several analysts recently weighed in on MDR shares. TheStreet upgraded McDermott International from a “sell” rating to a “hold” rating in a research note on Monday, October 24th. Deutsche Bank AG increased their target price on McDermott International from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Wednesday, October 26th. Zacks Investment Research downgraded McDermott International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Citigroup Inc. raised their price objective on McDermott International from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, Imperial Capital raised their price objective on McDermott International from $6.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in McDermott International by 7.6% in the second quarter. Vanguard Group Inc. now owns 20,451,187 shares of the company’s stock worth $101,029,000 after buying an additional 1,450,012 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in McDermott International by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,007,115 shares of the company’s stock worth $39,555,000 after buying an additional 1,776,201 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in McDermott International by 11.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,882,133 shares of the company’s stock worth $34,479,000 after buying an additional 693,676 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in McDermott International by 3.5% in the second quarter. UBS Asset Management Americas Inc. now owns 6,845,828 shares of the company’s stock worth $33,819,000 after buying an additional 229,019 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in McDermott International by 6.6% in the third quarter. BlackRock Fund Advisors now owns 6,807,091 shares of the company’s stock worth $34,104,000 after buying an additional 420,518 shares in the last quarter. 80.16% of the stock is owned by hedge funds and other institutional investors.

McDermott International (NYSE:MDR) opened at 5.62 on Friday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 95.25 and a beta of 1.35. McDermott International has a 12 month low of $2.20 and a 12 month high of $5.94. The firm’s 50-day moving average price is $5.18 and its 200-day moving average price is $4.93.

McDermott International (NYSE:MDR) last announced its earnings results on Tuesday, October 25th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.16. McDermott International had a return on equity of 6.41% and a net margin of 0.60%. The firm earned $558.54 million during the quarter, compared to the consensus estimate of $630.05 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s revenue for the quarter was down 30.7% compared to the same quarter last year. Equities research analysts predict that McDermott International will post $0.30 earnings per share for the current year.

About McDermott International

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.

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