Mercer International Inc. (NASDAQ:MERC) Receives $9.67 Consensus Target Price from Analysts

Shares of Mercer International Inc. (NASDAQ:MERCGet Free Report) (TSE:MRI.U) have been given an average recommendation of “Hold” by the six research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is $9.67.

Several brokerages have weighed in on MERC. StockNews.com upgraded Mercer International from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Raymond James raised their price objective on Mercer International from $8.50 to $10.50 and gave the company a “market perform” rating in a research note on Friday, April 19th. TD Securities raised their target price on Mercer International from $10.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada raised their target price on Mercer International from $9.00 to $10.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th.

View Our Latest Analysis on Mercer International

Mercer International Price Performance

Shares of MERC opened at $8.63 on Monday. Mercer International has a 12-month low of $7.01 and a 12-month high of $11.20. The business’s fifty day moving average is $9.68 and its 200 day moving average is $9.31. The company has a quick ratio of 2.38, a current ratio of 3.74 and a debt-to-equity ratio of 2.82. The stock has a market cap of $576.92 million, a P/E ratio of -2.52 and a beta of 1.38.

Mercer International (NASDAQ:MERCGet Free Report) (TSE:MRI.U) last issued its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.10 earnings per share for the quarter. Mercer International had a negative return on equity of 26.21% and a negative net margin of 11.27%. The business had revenue of $553.43 million for the quarter. Sell-side analysts anticipate that Mercer International will post -0.56 earnings per share for the current fiscal year.

Mercer International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 3.48%. The ex-dividend date is Wednesday, June 26th. Mercer International’s dividend payout ratio (DPR) is currently -8.75%.

Institutional Investors Weigh In On Mercer International

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in Mercer International by 17.5% in the 4th quarter. SG Americas Securities LLC now owns 40,488 shares of the basic materials company’s stock worth $384,000 after acquiring an additional 6,042 shares during the last quarter. Amalgamated Bank increased its holdings in Mercer International by 19.6% in the 3rd quarter. Amalgamated Bank now owns 13,291 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 2,182 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Mercer International in the 1st quarter worth about $193,000. Finally, Everence Capital Management Inc. purchased a new position in Mercer International during the 1st quarter valued at about $261,000. Hedge funds and other institutional investors own 85.79% of the company’s stock.

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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