Mercer International (MERC) Raised to “Sell” at BidaskClub

Mercer International (NASDAQ:MERC) (TSE:MRI.U) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

A number of other research analysts have also issued reports on MERC. TD Securities decreased their target price on shares of Mercer International from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Raymond James increased their price target on shares of Mercer International from $19.50 to $22.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 9th. Finally, ValuEngine downgraded shares of Mercer International from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Two analysts have rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Mercer International has an average rating of “Buy” and an average price target of $22.67.

MERC opened at $11.60 on Friday. The firm has a market capitalization of $729.61 million, a P/E ratio of 5.83 and a beta of 1.48. Mercer International has a 12 month low of $9.36 and a 12 month high of $19.14. The company has a current ratio of 3.88, a quick ratio of 2.57 and a debt-to-equity ratio of 1.29.

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

Hedge funds have recently added to or reduced their stakes in the company. Walthausen & Co. LLC acquired a new stake in shares of Mercer International during the third quarter worth $13,730,000. Matarin Capital Management LLC purchased a new position in Mercer International during the third quarter valued at approximately $2,644,000. James Investment Research Inc. grew its stake in Mercer International by 92.4% during the third quarter. James Investment Research Inc. now owns 269,843 shares of the basic materials company’s stock valued at $4,533,000 after acquiring an additional 129,623 shares in the last quarter. SG Americas Securities LLC purchased a new position in Mercer International during the third quarter valued at approximately $1,430,000. Finally, Systematic Financial Management LP purchased a new position in Mercer International during the third quarter valued at approximately $1,275,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

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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