Mercer International (MERC) Upgraded at ValuEngine

Mercer International (NASDAQ:MERC) (TSE:MRI.U) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Royal Bank of Canada raised their price objective on shares of Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, October 30th. CSFB lowered shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Friday, October 27th. Finally, Credit Suisse Group lowered shares of Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Mercer International has a consensus rating of “Hold” and a consensus target price of $16.19.

Shares of Mercer International (NASDAQ:MERC) traded down $0.20 on Friday, hitting $14.00. 157,497 shares of the stock were exchanged, compared to its average volume of 124,064. Mercer International has a fifty-two week low of $10.45 and a fifty-two week high of $15.00. The firm has a market cap of $910.24, a price-to-earnings ratio of 15.91 and a beta of 1.52. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44.

In related news, Director Eric Lauritzen sold 2,100 shares of Mercer International stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $14.68, for a total transaction of $30,828.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Peter R. Kellogg purchased 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were bought at an average price of $14.13 per share, for a total transaction of $565,200.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 141,257 shares of company stock worth $1,981,364 and sold 373,100 shares worth $5,252,768. 4.90% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC raised its stake in Mercer International by 9.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock worth $224,000 after acquiring an additional 1,654 shares in the last quarter. Renaissance Group LLC raised its stake in Mercer International by 10.5% during the 3rd quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock worth $511,000 after acquiring an additional 4,087 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Mercer International by 11.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock worth $2,767,000 after acquiring an additional 23,872 shares in the last quarter. Nationwide Fund Advisors raised its stake in Mercer International by 16.5% during the 2nd quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock worth $2,495,000 after acquiring an additional 30,661 shares in the last quarter. Finally, Walthausen & Co. LLC raised its stake in Mercer International by 8.1% during the 2nd quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock worth $12,094,000 after acquiring an additional 79,242 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/04/mercer-international-merc-upgraded-at-valuengine.html.

About Mercer International

Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Mercer International (NASDAQ:MERC)

Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply