Mercer International Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:MERC)
Shares of Mercer International (NASDAQ:MERC) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, ARN reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $8.96.
MERC has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Mercer International from a “sell” rating to a “hold” rating in a research note on Wednesday. Separately, analysts at Raymond James upgraded shares of Mercer International from a “market perform” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $10.50 price target on the stock, up previously from $9.50. Finally, analysts at Credit Suisse initiated coverage on shares of Mercer International in a research note on Wednesday, April 30th. They set an “outperform” rating and a $10.00 price target on the stock.
Mercer International (NASDAQ:MERC) traded down 1.19% on Thursday, hitting $10.00. 19,651 shares of the company’s stock traded hands. Mercer International has a 52-week low of $6.15 and a 52-week high of $10.55. The stock has a 50-day moving average of $8.14 and a 200-day moving average of $9.0. The company’s market cap is $557.4 million.
Mercer International (NASDAQ:MERC) last released its earnings data on Thursday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.15. On average, analysts predict that Mercer International will post $0.42 earnings per share for the current fiscal year.
Mercer International Inc (NASDAQ:MERC) operates in the pulp business and is the producer of market northern bleached softwood kraft (NBSK) pulp.
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