Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $14.67, for a total value of $176,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Mercer International Inc. (NASDAQ MERC) opened at $14.20 on Friday. Mercer International Inc. has a 1-year low of $10.45 and a 1-year high of $15.00. The company has a market capitalization of $955.75 and a PE ratio of 19.72. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44.
MERC has been the topic of a number of recent analyst reports. CSFB downgraded Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Friday, October 27th. BidaskClub downgraded Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Royal Bank of Canada increased their price objective on Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Credit Suisse Group downgraded Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded Mercer International from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.19.
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About Mercer International
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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