Somewhat Positive News Coverage Somewhat Unlikely to Affect Mercer International (NASDAQ:MERC) Stock Price
Media stories about Mercer International (NASDAQ:MERC) (TSE:MRI.U) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mercer International earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.6534852678112 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Mercer International (NASDAQ MERC) traded up 0.94% during mid-day trading on Friday, reaching $10.75. 101,524 shares of the company’s stock traded hands. The firm has a market cap of $698.46 million, a price-to-earnings ratio of 18.31 and a beta of 1.57. Mercer International has a one year low of $7.60 and a one year high of $12.98. The firm’s 50-day moving average price is $11.41 and its 200 day moving average price is $11.67.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 27th will be given a $0.115 dividend. The ex-dividend date is Tuesday, September 26th. This represents a $0.46 annualized dividend and a yield of 4.28%. Mercer International’s dividend payout ratio (DPR) is 79.31%.
MERC has been the subject of several analyst reports. Raymond James Financial, Inc. restated an “outperform” rating and set a $18.00 price target on shares of Mercer International in a research report on Friday, April 28th. Zacks Investment Research upgraded shares of Mercer International from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Wednesday, April 26th. Royal Bank Of Canada restated a “hold” rating and set a $12.00 price target on shares of Mercer International in a research report on Tuesday, May 23rd. TD Securities restated a “hold” rating and set a $18.00 price target on shares of Mercer International in a research report on Monday, May 1st. Finally, BidaskClub upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Mercer International has a consensus rating of “Hold” and an average target price of $14.94.
In related news, major shareholder Peter R. Kellogg acquired 93,446 shares of the stock in a transaction on Friday, July 14th. The stock was bought at an average cost of $11.52 per share, with a total value of $1,076,497.92. Following the transaction, the insider now directly owns 150,000 shares in the company, valued at $1,728,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Peter R. Kellogg acquired 29,214 shares of the stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $11.29 per share, with a total value of $329,826.06. Following the completion of the transaction, the insider now owns 124,000 shares in the company, valued at $1,399,960. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 373,891 shares of company stock valued at $4,266,380 and sold 29,560 shares valued at $345,830. 4.90% of the stock is owned by insiders.
About Mercer International
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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