Mercer International (MERC) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Mercer International (NASDAQ:MERC) (TSE:MRI.U) from a hold rating to a buy rating in a research report released on Friday morning.

A number of other research firms have also recently commented on MERC. BidaskClub cut shares of Mercer International from a hold rating to a sell rating in a research report on Wednesday, December 6th. Royal Bank of Canada lifted their price objective on shares of Mercer International from $15.00 to $16.00 and gave the stock an outperform rating in a research report on Monday, October 30th. Credit Suisse Group cut shares of Mercer International from an outperform rating to a neutral rating in a research report on Thursday, October 26th. Finally, CSFB cut shares of Mercer International from an outperform rating to a neutral rating and set a $15.00 price objective for the company. in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Mercer International currently has an average rating of Hold and a consensus target price of $16.19.

Mercer International (NASDAQ:MERC) opened at $14.00 on Friday. The company has a current ratio of 3.58, a quick ratio of 2.44 and a debt-to-equity ratio of 1.40. Mercer International has a 52-week low of $10.45 and a 52-week high of $15.00. The company has a market cap of $910.24, a price-to-earnings ratio of 19.44 and a beta of 1.52.

In other news, major shareholder Peter R. Kellogg bought 3,500 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $13.50 per share, with a total value of $47,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Lauritzen sold 2,100 shares of Mercer International stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $14.68, for a total value of $30,828.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 141,257 shares of company stock valued at $1,981,364 and have sold 373,100 shares valued at $5,252,768. Insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Walthausen & Co. LLC lifted its holdings in shares of Mercer International by 8.1% during the second quarter. Walthausen & Co. LLC now owns 1,051,619 shares of the basic materials company’s stock worth $12,094,000 after buying an additional 79,242 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Mercer International during the fourth quarter worth $1,991,000. Nationwide Fund Advisors lifted its holdings in shares of Mercer International by 16.5% during the second quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock worth $2,495,000 after buying an additional 30,661 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Mercer International by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock worth $2,767,000 after buying an additional 23,872 shares in the last quarter. Finally, Renaissance Group LLC lifted its holdings in shares of Mercer International by 10.5% during the third quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock worth $511,000 after buying an additional 4,087 shares in the last quarter. 79.47% of the stock is owned by institutional investors.

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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.

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