Mercer International Inc. (MERC) Stock Price Down 2.5%
Mercer International Inc. (NASDAQ:MERC)’s share price was down 2.5% during trading on Friday . The company traded as low as $7.90 and last traded at $7.91, with a volume of 103,336 shares traded. The stock had previously closed at $8.11.
A number of equities analysts have recently issued reports on MERC shares. Credit Suisse Group AG reiterated a “buy” rating and set a $15.00 price objective on shares of Mercer International in a research note on Sunday, June 5th. Standpoint Research started coverage on shares of Mercer International in a research note on Tuesday, April 26th. They set a “buy” rating and a $12.00 price objective on the stock. TheStreet upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research note on Tuesday, April 12th. TD Securities downgraded shares of Mercer International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $10.50 to $10.00 in a research note on Friday, April 29th. Finally, Zacks Investment Research downgraded shares of Mercer International from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Mercer International currently has an average rating of “Buy” and an average price target of $12.96.
The stock has a market cap of $511.42 million and a price-to-earnings ratio of 10.21. The stock has a 50-day moving average of $8.12 and a 200-day moving average of $8.43.
Mercer International (NASDAQ:MERC) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.12. On average, equities research analysts anticipate that Mercer International Inc. will post $0.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Monday, September 26th will be issued a $0.115 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.46 annualized dividend and a dividend yield of 5.82%.
Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.
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