Mercer International Inc. (MERC) Receives $20.33 Average Price Target from Analysts

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.33.

MERC has been the subject of several recent research reports. BidaskClub raised Mercer International from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Royal Bank of Canada lifted their price objective on Mercer International from $15.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. TD Securities lifted their price objective on Mercer International from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, February 19th. Finally, ValuEngine lowered Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st.

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in Mercer International by 5.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 306,693 shares of the basic materials company’s stock valued at $5,183,000 after purchasing an additional 15,552 shares during the period. Janney Montgomery Scott LLC bought a new stake in Mercer International in the 3rd quarter valued at $442,000. Systematic Financial Management LP bought a new stake in Mercer International in the 3rd quarter valued at $1,275,000. SG Americas Securities LLC bought a new stake in Mercer International in the 3rd quarter valued at $1,430,000. Finally, Walthausen & Co. LLC bought a new stake in Mercer International in the 3rd quarter valued at $13,730,000. 76.53% of the stock is owned by institutional investors and hedge funds.

MERC traded up $0.39 during trading hours on Friday, hitting $13.90. The stock had a trading volume of 689,197 shares, compared to its average volume of 597,373. Mercer International has a 1 year low of $9.36 and a 1 year high of $19.14. The firm has a market cap of $906.31 million, a P/E ratio of 6.97 and a beta of 1.87. The company has a debt-to-equity ratio of 1.86, a quick ratio of 2.59 and a current ratio of 4.15.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its quarterly earnings data on Thursday, February 14th. The basic materials company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.03). Mercer International had a return on equity of 22.62% and a net margin of 8.82%. The firm had revenue of $412.25 million during the quarter, compared to analysts’ expectations of $395.77 million. During the same period last year, the business posted $0.64 EPS. The company’s revenue was up 24.5% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 27th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Tuesday, March 26th.

About Mercer International

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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