Mercer International Inc. (MERC) Trading Up 2.8%
Mercer International Inc. (NASDAQ:MERC)’s share price was up 2.8% during mid-day trading on Thursday . The company traded as high as $8.59 and last traded at $8.50, with a volume of 101,595 shares changing hands. The stock had previously closed at $8.27.
A number of equities analysts have issued reports on MERC shares. Zacks Investment Research lowered Mercer International from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. Credit Suisse Group AG reaffirmed a “buy” rating and set a $15.00 price target on shares of Mercer International in a research note on Sunday, June 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $13.75 price target on shares of Mercer International in a research note on Sunday, May 1st. TheStreet lowered Mercer International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, TD Securities lowered Mercer International from a “buy” rating to a “hold” rating and decreased their price target for the company from $10.50 to $10.00 in a research note on Friday, April 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued 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 has a market capitalization of $548.27 million and a price-to-earnings ratio of 10.94. The firm has a 50 day moving average of $8.22 and a 200-day moving average of $8.54.
Mercer International (NASDAQ:MERC) last announced its 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 research analysts anticipate that Mercer International Inc. will post $0.54 earnings per share for the current year.
The firm 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 dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.42%.
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.