Mercer International Inc. (MERC) Trading 3.4% Higher
Shares of Mercer International Inc. (NASDAQ:MERC) traded up 3.4% during trading 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 recently commented on the stock. Zacks Investment Research cut shares of 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 price target on shares of Mercer International in a report on Sunday, June 5th. Royal Bank Of Canada restated an “outperform” rating and set a $13.75 price target on shares of Mercer International in a report on Sunday, May 1st. TD Securities cut shares of Mercer International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $10.50 to $10.00 in a report on Friday, April 29th. Finally, Standpoint Research assumed coverage on shares of Mercer International in a report on Tuesday, April 26th. They set a “buy” rating and a $12.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $12.96.
The firm has a market capitalization of $518.21 million and a PE ratio of 10.342. The stock’s 50 day moving average price is $8.12 and its 200-day moving average price is $8.45.
Mercer International (NASDAQ:MERC) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.12. On average, equities analysts predict that Mercer International Inc. will post $0.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Monday, September 26th will be paid a $0.115 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.69%.
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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