Mercer International (NASDAQ:MERC – Get Rating) (TSE:MRI.U) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Saturday.
A number of other analysts have also recently weighed in on MERC. Royal Bank of Canada upped their target price on shares of Mercer International from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Tuesday, August 2nd. Credit Suisse Group upped their target price on shares of Mercer International from $19.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, July 26th. Raymond James upped their target price on shares of Mercer International from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, July 25th. Finally, TD Securities upped their target price on shares of Mercer International from $16.50 to $18.00 and gave the company a "hold" rating in a research note on Tuesday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.75.
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Mercer International Stock Performance
NASDAQ:MERC opened at $14.26 on Friday. The firm's 50-day moving average is $15.41 and its 200-day moving average is $14.81. Mercer International has a 52-week low of $9.51 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.99 and a current ratio of 4.27. The company has a market cap of $943.54 million, a price-to-earnings ratio of 3.12 and a beta of 1.43.
Mercer International (NASDAQ:MERC – Get Rating) (TSE:MRI.U) last posted its quarterly earnings data on Thursday, July 28th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. Mercer International had a net
margin of 14.11% and a return on equity of 42.77%. The company had revenue of $572.33 million for the quarter, compared to the consensus estimate of $484.73 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business's revenue was up 42.4% compared to the same quarter last year. Equities research analysts anticipate that Mercer International will post 4.06 earnings per share for the current year.
Insider Buying and Selling at Mercer International
In other Mercer International news, Director Rainer Rettig sold 12,000 shares of the business's stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $16.34, for a total value of $196,080.00. Following the transaction, the director now directly owns 10,893 shares in the company, valued at $177,991.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Keith Purchase sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $17.01, for a total transaction of $170,100.00. Following the transaction, the director now directly owns 67,393 shares in the company, valued at $1,146,354.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rainer Rettig sold 12,000 shares of the business's stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $16.34, for a total transaction of $196,080.00. Following the sale, the director now directly owns 10,893 shares of the company's stock, valued at $177,991.62. The disclosure for this sale can be found here. Company insiders own 4.30% of the company's stock.
Institutional Investors Weigh In On Mercer International
Several large investors have recently made changes to their positions in MERC. BNP Paribas Arbitrage SA lifted its stake in Mercer International by 284.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 124,704 shares of the basic materials company's stock valued at $1,495,000 after acquiring an additional 92,282 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its position in Mercer International by 56.7% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 75,845 shares of the basic materials company's stock worth $1,058,000 after buying an additional 27,458 shares during the period. Rhumbline Advisers increased its stake in shares of Mercer International by 10.3% in the 1st quarter. Rhumbline Advisers now owns 65,407 shares of the basic materials company's stock valued at $912,000 after acquiring an additional 6,111 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Mercer International by 36.6% in the 4th quarter. SG Americas Securities LLC now owns 33,683 shares of the basic materials company's stock worth $404,000 after buying an additional 9,023 shares during the last quarter. Finally, Credit Suisse AG lifted its holdings in Mercer International by 9.1% during the second quarter. Credit Suisse AG now owns 33,034 shares of the basic materials company's stock valued at $434,000 after purchasing an additional 2,747 shares during the last quarter. Institutional investors own 73.66% of the company's stock.
Mercer International Company Profile
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Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. The company operates through two segments, Pulp and Wood Products. It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities.
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