Mercer International Inc. (NASDAQ:MERC) Given Consensus Recommendation of “Hold” by Brokerages

Mercer International Inc. (NASDAQ:MERCGet Free Report) (TSE:MRI.U) has been given an average recommendation of “Hold” by the six analysts that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $9.17.

MERC has been the topic of several research reports. Raymond James raised their price target on shares of Mercer International from $7.50 to $8.50 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. CIBC upgraded shares of Mercer International from a “sector underperform” rating to a “neutral” rating and raised their price objective for the stock from $8.00 to $9.00 in a research report on Friday, January 12th. StockNews.com upgraded shares of Mercer International to a “sell” rating in a research report on Friday, March 15th. TD Securities cut their price objective on shares of Mercer International from $10.00 to $9.50 and set a “hold” rating for the company in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada raised their price objective on shares of Mercer International from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th.

View Our Latest Stock Report on MERC

Mercer International Stock Performance

MERC opened at $10.09 on Wednesday. The company has a quick ratio of 2.37, a current ratio of 3.82 and a debt-to-equity ratio of 2.53. The company has a market cap of $671.29 million, a price-to-earnings ratio of -2.77 and a beta of 1.38. Mercer International has a 52-week low of $7.01 and a 52-week high of $10.42. The firm’s fifty day simple moving average is $8.98 and its two-hundred day simple moving average is $8.96.

Mercer International (NASDAQ:MERCGet Free Report) (TSE:MRI.U) last posted its quarterly earnings data on Friday, February 16th. The basic materials company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.06). The company had revenue of $470.50 million for the quarter, compared to analysts’ expectations of $508.46 million. Mercer International had a negative net margin of 12.14% and a negative return on equity of 29.17%. The business’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. Equities analysts anticipate that Mercer International will post -0.63 earnings per share for the current fiscal year.

Mercer International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Tuesday, March 26th. Mercer International’s dividend payout ratio is presently -8.24%.

Institutional Investors Weigh In On Mercer International

A number of institutional investors have recently made changes to their positions in MERC. BNP Paribas Arbitrage SNC grew its holdings in shares of Mercer International by 29.1% in the second quarter. BNP Paribas Arbitrage SNC now owns 6,396 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 1,440 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Mercer International in the fourth quarter valued at approximately $99,000. Amalgamated Bank grew its holdings in shares of Mercer International by 19.6% in the third quarter. Amalgamated Bank now owns 13,291 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 2,182 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Mercer International in the first quarter valued at approximately $155,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Mercer International in the third quarter valued at approximately $173,000. 85.79% of the stock is currently owned by institutional investors and hedge funds.

Mercer International Company Profile

(Get Free Report

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.

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Analyst Recommendations for Mercer International (NASDAQ:MERC)

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