Mercer International Inc. (NASDAQ:MERC) shares shot up 4.2% on Friday . The company traded as high as $8.80 and last traded at $8.74, with a volume of 61,557 shares changing hands. The stock had previously closed at $8.39.

MERC has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Mercer International from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 28th. TheStreet downgraded shares of Mercer International from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $15.00 target price on shares of Mercer International in a report on Sunday, June 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $12.13.

The company has a market cap of $562.50 million and a P/E ratio of 11.23. The stock has a 50 day moving average of $8.22 and a 200-day moving average of $8.60.

Mercer International (NASDAQ:MERC) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.12. Equities research analysts predict that Mercer International Inc. will post $0.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Monday, September 26th will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend is Thursday, September 22nd.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.