Mercer International Inc. (NASDAQ:MERC) Receives $12.00 Average Target Price from Analysts

Shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $12.00.

A number of equities research analysts have recently issued reports on the company. Raymond James set a $15.00 target price on Mercer International and gave the stock an “outperform” rating in a research report on Sunday, October 31st. Royal Bank of Canada lowered Mercer International from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from $10.00 to $8.00 in a research report on Monday, November 1st. Zacks Investment Research lowered Mercer International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 28th. Credit Suisse Group lowered Mercer International from an “outperform” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research report on Monday, January 10th. Finally, TD Securities cut their target price on Mercer International from $13.00 to $12.50 and set a “hold” rating on the stock in a research report on Monday, November 1st.

MERC opened at $12.50 on Wednesday. Mercer International has a one year low of $9.51 and a one year high of $18.14. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.37 and a current ratio of 3.71. The stock’s fifty day moving average is $11.45 and its 200-day moving average is $11.42. The company has a market capitalization of $825.50 million, a PE ratio of 10.00 and a beta of 1.74.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings data on Thursday, October 28th. The basic materials company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.04. The company had revenue of $469.75 million for the quarter, compared to the consensus estimate of $507.13 million. Mercer International had a return on equity of 17.91% and a net margin of 4.96%. The company’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. On average, equities research analysts forecast that Mercer International will post 2.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 30th. Investors of record on Wednesday, December 22nd were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 2.08%. The ex-dividend date was Tuesday, December 21st. Mercer International’s payout ratio is 20.80%.

In other news, major shareholder Peter R. Kellogg purchased 37,140 shares of the business’s stock in a transaction on Monday, November 8th. The stock was purchased at an average price of $10.47 per share, with a total value of $388,855.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Eric Xavier Heine sold 2,900 shares of the stock in a transaction that occurred on Thursday, December 23rd. The stock was sold at an average price of $9.43, for a total value of $27,347.00. The disclosure for this sale can be found here. Insiders sold 9,100 shares of company stock worth $85,295 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Walthausen & Co. LLC grew its position in Mercer International by 17.8% during the 2nd quarter. Walthausen & Co. LLC now owns 546,280 shares of the basic materials company’s stock worth $6,965,000 after acquiring an additional 82,720 shares during the last quarter. Merrion Investment Management Co LLC grew its position in Mercer International by 7.0% during the 3rd quarter. Merrion Investment Management Co LLC now owns 423,309 shares of the basic materials company’s stock worth $4,906,000 after acquiring an additional 27,544 shares during the last quarter. Geode Capital Management LLC grew its position in Mercer International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 398,617 shares of the basic materials company’s stock worth $4,619,000 after acquiring an additional 11,624 shares during the last quarter. Bank of New York Mellon Corp grew its position in Mercer International by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 377,108 shares of the basic materials company’s stock worth $4,807,000 after acquiring an additional 12,629 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Mercer International by 30.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 38,028 shares of the basic materials company’s stock worth $485,000 after acquiring an additional 8,785 shares during the last quarter. Institutional investors and hedge funds own 73.85% of the company’s stock.

Mercer International Company Profile

Mercer International, Inc is engaged in the manufacture and sale of pulp. It operates through Pulp and Wood Products segments. The Pulp segment consists of the manufacture, sales, and distribution of NBSK pulp, electricity, and other by-products at three pulp mills. The Wood Products segment involves in manufacture, sales, and distribution of lumber, electricity and other wood residuals at the Friesau Facility.

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