Mercer International Inc. (MERC) Trading Down 3.1%
Mercer International Inc. (NASDAQ:MERC) shares were down 3.1% during mid-day trading on Friday . The company traded as low as $8.03 and last traded at $8.03, with a volume of 53,056 shares changing hands. The stock had previously closed at $8.29.
A number of research analysts have recently issued reports on MERC shares. Credit Suisse Group AG reaffirmed a “buy” rating and set a $15.00 price target on shares of Mercer International in a report on Sunday, June 5th. Standpoint Research started coverage on Mercer International in a report on Tuesday, April 26th. They set a “buy” rating and a $12.00 price target on the stock. TD Securities downgraded Mercer International from a “buy” rating to a “hold” rating and lowered their price target for the company from $10.50 to $10.00 in a report on Friday, April 29th. Zacks Investment Research downgraded Mercer International from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $13.75 price target on shares of Mercer International in a report on Sunday, May 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Mercer International presently has an average rating of “Buy” and a consensus target price of $12.96.
The company’s 50 day moving average price is $8.13 and its 200-day moving average price is $8.45. The stock has a market capitalization of $528.23 million and a P/E ratio of 10.54.
Mercer International (NASDAQ:MERC) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.12. On average, equities analysts forecast that Mercer International Inc. will post $0.54 EPS for the current 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 issued 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 5.63%.
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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