Mercer International (MERC) Earning Somewhat Favorable Press Coverage, Report Shows

News coverage about Mercer International (NASDAQ:MERC) (TSE:MRI.U) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mercer International earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.262865709229 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Shares of Mercer International (NASDAQ MERC) traded up $0.38 during trading hours on Friday, reaching $14.75. The company’s stock had a trading volume of 124,842 shares, compared to its average volume of 192,807. Mercer International has a 52-week low of $10.45 and a 52-week high of $15.00. The company has a market capitalization of $959.00, a PE ratio of 20.49 and a beta of 1.48. The company has a quick ratio of 2.44, a current ratio of 3.58 and a debt-to-equity ratio of 1.40.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, December 26th. This is a boost from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s dividend payout ratio is presently 69.44%.

Several research firms recently weighed in on MERC. BidaskClub lowered Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday. CSFB lowered Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a report on Friday, October 27th. Royal Bank of Canada upgraded Mercer International from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $12.00 to $15.00 in a report on Wednesday, October 18th. Finally, Credit Suisse Group lowered Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Mercer International presently has an average rating of “Hold” and an average target price of $16.19.

In other Mercer International news, insider Jimmy S. H. Lee sold 25,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $13.88, for a total value of $347,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric Lauritzen sold 8,500 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $14.21, for a total value of $120,785.00. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 141,257 shares of company stock worth $1,981,364 and have sold 393,500 shares worth $5,523,865. 4.90% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Mercer International (NASDAQ:MERC)

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