Mercer International Inc. (MERC) Trading 3.4% Higher
Shares of Mercer International Inc. (NASDAQ:MERC) traded up 3.4% on Monday . The stock traded as high as $8.23 and last traded at $8.18, with a volume of 101,654 shares traded. The stock had previously closed at $7.91.
Several analysts have weighed in on the company. Zacks Investment Research cut Mercer International from a “hold” rating to a “sell” rating in a report on Friday, July 22nd. Credit Suisse Group AG restated a “buy” rating and set a $15.00 target price on shares of Mercer International in a research report on Sunday, June 5th. Royal Bank Of Canada restated an “outperform” rating and set a $13.75 target price on shares of Mercer International in a research report on Sunday, May 1st. TD Securities lowered Mercer International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $10.50 to $10.00 in a research report on Friday, April 29th. Finally, Standpoint Research assumed coverage on Mercer International in a research report on Tuesday, April 26th. They set a “buy” rating and a $12.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Mercer International currently has a consensus rating of “Buy” and an average price target of $12.96.
The stock’s 50-day moving average is $8.12 and its 200 day moving average is $8.43. The firm has a market capitalization of $529.52 million and a price-to-earnings ratio of 10.57.
Mercer International (NASDAQ:MERC) last released its quarterly earnings data 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. Equities research analysts anticipate that Mercer International Inc. will post $0.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Monday, September 26th will be given a $0.115 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.46 annualized dividend and a yield of 5.62%.
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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