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Research analysts at CIBC set a $8.50 price objective on shares of Mercer International (NASDAQ:MERC) stock in a report released on Tuesday. CIBC’s price objective would suggest a potential downside of 15.76% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $14.00 price target on the stock, up previously from $10.00. Separately, analysts at Zacks downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $12.00 price target on the stock. Finally, analysts at TD Securities downgraded shares of Mercer International from a “hold” rating to a “reduce” rating in a research note on Monday, July 14th. They now have a $9.50 price target on the stock, up previously from $9.00. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.75.

Mercer International (NASDAQ:MERC) traded up 4.01% during mid-day trading on Tuesday, hitting $10.495. 138,353 shares of the company’s stock traded hands. Mercer International has a 1-year low of $6.62 and a 1-year high of $11.41. The stock’s 50-day moving average is $10.24 and its 200-day moving average is $9.13. The company has a market cap of $674.8 million and a price-to-earnings ratio of 65.95.

Mercer International (NASDAQ:MERC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.10. Analysts expect that Mercer International will post $0.64 EPS for the current fiscal year.

In other Mercer International news, major shareholder Peter R. Kellogg acquired 31,000 shares of Mercer International stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $9.94 per share, for a total transaction of $308,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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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