RBC Capital analyst Matt McKellar maintained a Hold rating on Mercer International (MERC – Research Report) yesterday and set a price target of $9.00. The company’s shares closed yesterday at $8.92.
McKellar covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, WestRock, and Cascades. According to TipRanks, McKellar has an average return of 10.1% and a 73.91% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Mercer International with a $9.50 average price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on Mercer International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $470.82 million and a GAAP net loss of $25.96 million. In comparison, last year the company earned a revenue of $532.81 million and had a net profit of $66.75 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Mercer International (MERC) Company Description:
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:
