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Mercer International (NASDAQ:MERC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, StockRatingsNetwork.com reports. They currently have a $8.90 price target on the stock. Zacks‘ price objective would suggest a potential downside of 6.90% from the company’s current price.

A number of other firms have also recently commented on MERC. Analysts at TD Securities downgraded shares of Mercer International from a “hold” rating to a “reduce” rating in a research note on Wednesday. They now have a $8.50 price target on the stock, down previously from $10.00. Analysts at CIBC reiterated a “sector underperform” rating on shares of Mercer International in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.88.

Shares of Mercer International (NASDAQ:MERC) traded down 5.27% during mid-day trading on Wednesday, hitting $8.895. 108,732 shares of the company’s stock traded hands. Mercer International has a 52 week low of $5.87 and a 52 week high of $10.55. The stock’s 50-day moving average is $9.62 and its 200-day moving average is $8.5. The company’s market cap is $485.9 million.

Mercer International (NASDAQ:MERC) last released its earnings data on Thursday, February 13th. The company reported ($0.18) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.24. The company had revenue of $258.50 million for the quarter, compared to the consensus estimate of $265.00 million. Analysts expect that Mercer International will post $0.33 EPS for the current fiscal year.

Mercer International Inc (NASDAQ:MERC) is a producer of market northern bleached softwood kraft (NBSK), pulp in the world.

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