In a report released today, Paul Quinn from RBC Capital maintained a Hold rating on Mercer International (MERC – Research Report), with a price target of $12.00. The company’s shares opened today at $11.11.
According to TipRanks, Quinn is a top 100 analyst with an average return of 20.9% and a 61.51% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Mercer International, West Fraser Timber Co, and Clearwater Paper.
Mercer International has an analyst consensus of Hold, with a price target consensus of $13.50, a 21.51% upside from current levels. In a report released on February 10, Credit Suisse also downgraded the stock to a Hold with a $15.50 price target.
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The company has a one-year high of $17.28 and a one-year low of $10.55. Currently, Mercer International has an average volume of 439.4K.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MERC in relation to earlier this year.
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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. The company was founded on July 1, 1968 and is headquartered in Vancouver, Canada.
Read More on MERC:
- Mercer reports Q4 EPS 30c, consensus 76c
- Mercer International Inc. Reports Fourth Quarter and Year End 2022 Results and Announces Quarterly Cash Dividend of $0.075
- Mercer downgraded to Neutral from Outperform at Credit Suisse
- Mercer International Inc. Announces Cariboo Mill Downtime for Eight Weeks
- Mercer joint venture announces planned curtailment of operation
