Mercer International (MERC) PT Raised to $18.00

Mercer International (NASDAQ:MERC) (TSE:MRI.U) had its target price raised by equities research analysts at Royal Bank of Canada from $15.00 to $18.00 in a research report issued on Tuesday. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 19.13% from the stock’s current price.

A number of other equities research analysts have also recently commented on MERC. BidaskClub raised shares of Mercer International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Raymond James reaffirmed a “strong-buy” rating and issued a $25.00 price target on shares of Mercer International in a report on Friday, October 26th. TD Securities decreased their price target on shares of Mercer International from $23.00 to $21.00 and set a “buy” rating for the company in a report on Monday, October 29th. Finally, ValuEngine cut shares of Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Mercer International presently has a consensus rating of “Buy” and an average price target of $20.33.

Shares of NASDAQ MERC traded up $0.13 during midday trading on Tuesday, reaching $15.11. 253,146 shares of the company’s stock traded hands, compared to its average volume of 749,227. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.57 and a current ratio of 3.88. Mercer International has a one year low of $9.36 and a one year high of $19.14. The company has a market cap of $972.81 million, a PE ratio of 7.99 and a beta of 1.81.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its earnings results on Thursday, February 14th. The basic materials company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.03). Mercer International had a net margin of 9.06% and a return on equity of 22.34%. The firm had revenue of $412.25 million for the quarter, compared to analysts’ expectations of $395.77 million. During the same period in the previous year, the company earned $0.64 EPS. The company’s revenue was up 24.5% on a year-over-year basis.

Large investors have recently bought and sold shares of the company. Meritage Portfolio Management purchased a new position in shares of Mercer International in the fourth quarter worth about $1,785,000. Marshall Wace LLP purchased a new position in shares of Mercer International in the third quarter worth about $782,000. Russell Investments Group Ltd. lifted its stake in shares of Mercer International by 5.3% in the third quarter. Russell Investments Group Ltd. now owns 306,693 shares of the basic materials company’s stock worth $5,183,000 after buying an additional 15,552 shares in the last quarter. Walthausen & Co. LLC purchased a new position in shares of Mercer International in the third quarter worth about $13,730,000. Finally, Renaissance Group LLC raised its stake in Mercer International by 3.6% during the fourth quarter. Renaissance Group LLC now owns 44,825 shares of the basic materials company’s stock worth $468,000 after purchasing an additional 1,569 shares during the period. 76.72% of the stock is currently owned by hedge funds and other institutional investors.

Mercer International Company Profile

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood Kraft (NBSK) pulp in the United States, Europe, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It produces NBSK pulp primarily from wood chips and pulp logs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.

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