ValuEngine cut shares of Mercer International (NASDAQ:MERC) (TSE:MRI.U) from a hold rating to a sell rating in a report issued on Wednesday.

Several other equities research analysts also recently commented on the stock. BidaskClub downgraded shares of Mercer International from a buy rating to a hold rating in a research report on Wednesday, July 25th. Raymond James lifted their target price on shares of Mercer International from $19.00 to $19.50 and gave the stock an outperform rating in a research report on Friday, July 27th. Finally, TD Securities lifted their target price on shares of Mercer International from $21.00 to $23.00 and gave the stock a buy rating in a research report on Friday, October 5th. Two analysts have rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. Mercer International has an average rating of Buy and a consensus target price of $22.67.

MERC opened at $12.07 on Wednesday. Mercer International has a 1-year low of $11.86 and a 1-year high of $19.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.57 and a current ratio of 3.88. The company has a market capitalization of $776.55 million, a PE ratio of 6.20 and a beta of 1.59.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, October 25th. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.11). Mercer International had a net margin of 9.06% and a return on equity of 22.34%. The company had revenue of $331.06 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 13th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $0.50 annualized dividend and a yield of 4.14%.

A number of large investors have recently bought and sold shares of MERC. Walthausen & Co. LLC acquired a new stake in Mercer International during the 3rd quarter worth approximately $13,730,000. Portolan Capital Management LLC acquired a new stake in Mercer International during the 2nd quarter worth approximately $5,686,000. Matarin Capital Management LLC acquired a new stake in Mercer International during the 3rd quarter worth approximately $2,644,000. James Investment Research Inc. boosted its position in Mercer International by 92.4% during the 3rd quarter. James Investment Research Inc. now owns 269,843 shares of the basic materials company’s stock worth $4,533,000 after buying an additional 129,623 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Mercer International during the 3rd quarter worth approximately $1,430,000. Institutional investors and hedge funds own 78.76% of the company’s stock.

Mercer International Company Profile

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood Kraft (NBSK) pulp in the United States, Europe, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It produces NBSK pulp primarily from wood chips and pulp logs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.

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