Mercer International (MERC) Raised to “Buy” at BidaskClub

Mercer International (NASDAQ:MERC) (TSE:MRI.U) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Credit Suisse Group upgraded shares of Mercer International from a “neutral” rating to an “outperform” rating in a research note on Friday, May 11th. Finally, Royal Bank of Canada raised their target price on shares of Mercer International to $17.00 and gave the company an “outperform” rating in a research note on Monday, May 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $15.92.

Shares of Mercer International opened at $16.00 on Friday, according to MarketBeat Ratings. Mercer International has a 12 month low of $10.45 and a 12 month high of $16.25. The firm has a market cap of $1.04 billion, a PE ratio of 12.08 and a beta of 1.64. The company has a current ratio of 4.14, a quick ratio of 2.92 and a debt-to-equity ratio of 1.22.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its quarterly earnings results on Thursday, May 3rd. The basic materials company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.05. Mercer International had a net margin of 6.68% and a return on equity of 16.63%. The company had revenue of $367.90 million for the quarter, compared to analyst estimates of $358.50 million. The business’s revenue for the quarter was up 51.5% on a year-over-year basis.

Large investors have recently bought and sold shares of the stock. Bogle Investment Management L P DE acquired a new position in Mercer International in the 4th quarter valued at $1,242,000. James Investment Research Inc. acquired a new position in Mercer International in the 4th quarter valued at $1,991,000. Thrivent Financial For Lutherans acquired a new position in Mercer International in the 4th quarter valued at $963,000. Geode Capital Management LLC grew its stake in Mercer International by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 368,777 shares of the basic materials company’s stock valued at $5,272,000 after buying an additional 6,282 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Mercer International in the 4th quarter valued at $4,736,000. Institutional investors and hedge funds own 76.25% of the company’s stock.

About Mercer International

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood Kraft (NBSK) pulp in the United States, Europe, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It produces NBSK pulp primarily from wood chips and pulp logs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.

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