Mercer International Inc. (NASDAQ:MERC) Given Consensus Rating of “Hold” by Analysts

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.50.

MERC has been the topic of a number of research reports. Zacks Investment Research lowered shares of Mercer International from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub cut Mercer International from a “hold” rating to a “sell” rating in a research note on Saturday, November 23rd. TD Securities lowered Mercer International from a “buy” rating to a “hold” rating and decreased their target price for the company from $16.50 to $12.50 in a research report on Friday, October 18th. ValuEngine cut Mercer International from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, Raymond James reissued an “outperform” rating and set a $20.00 price target on shares of Mercer International in a research report on Friday, November 1st.

Shares of NASDAQ MERC traded up $0.29 during mid-day trading on Friday, reaching $12.11. The company had a trading volume of 211,367 shares, compared to its average volume of 188,420. The stock has a market cap of $822.33 million, a price-to-earnings ratio of 6.18 and a beta of 1.59. Mercer International has a 52 week low of $9.36 and a 52 week high of $17.74. The business’s 50-day moving average is $12.30 and its 200-day moving average is $13.05. The company has a current ratio of 3.84, a quick ratio of 2.52 and a debt-to-equity ratio of 1.72.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $383.54 million during the quarter, compared to analyst estimates of $398.57 million. Mercer International had a net margin of 6.34% and a return on equity of 17.72%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. As a group, equities research analysts forecast that Mercer International will post 0.55 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. LSV Asset Management bought a new position in shares of Mercer International during the second quarter valued at approximately $10,849,000. Keeley Teton Advisors LLC raised its stake in Mercer International by 297.3% in the second quarter. Keeley Teton Advisors LLC now owns 505,032 shares of the basic materials company’s stock worth $7,813,000 after buying an additional 377,928 shares in the last quarter. Iat Reinsurance Co. LTD. raised its stake in Mercer International by 0.9% in the third quarter. Iat Reinsurance Co. LTD. now owns 16,480,000 shares of the basic materials company’s stock worth $206,659,000 after buying an additional 140,000 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Mercer International by 98.5% during the second quarter. Parametric Portfolio Associates LLC now owns 119,607 shares of the basic materials company’s stock worth $1,850,000 after buying an additional 59,343 shares during the period. Finally, Systematic Financial Management LP lifted its holdings in Mercer International by 8.7% during the second quarter. Systematic Financial Management LP now owns 340,900 shares of the basic materials company’s stock worth $5,274,000 after buying an additional 27,200 shares during the period. 79.49% of the stock is 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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