Shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) have been assigned an average recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $9.50.
Several equities analysts have recently commented on MERC shares. Raymond James reaffirmed an “outperform” rating on shares of Mercer International in a research note on Thursday, December 10th. ValuEngine lowered Mercer International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 11th. TD Securities raised Mercer International from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Monday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research lowered Mercer International from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, BidaskClub lowered Mercer International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd.
Shares of NASDAQ:MERC opened at $10.25 on Friday. The company has a quick ratio of 2.81, a current ratio of 4.16 and a debt-to-equity ratio of 2.11. The business has a fifty day moving average of $9.13 and a two-hundred day moving average of $7.88. The stock has a market cap of $675.15 million, a P/E ratio of -8.69 and a beta of 1.91. Mercer International has a 52-week low of $5.77 and a 52-week high of $13.44.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its earnings results on Tuesday, November 3rd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.23. Mercer International had a negative return on equity of 14.04% and a negative net margin of 5.68%. The company had revenue of $333.20 million during the quarter, compared to analysts’ expectations of $362.34 million. During the same period in the prior year, the business earned $0.02 EPS. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. On average, equities analysts anticipate that Mercer International will post -0.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 30th. Investors of record on Wednesday, December 23rd were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Tuesday, December 22nd. Mercer International’s payout ratio is -325.00%.
An institutional investor recently bought a new position in Mercer International stock. Matarin Capital Management LLC purchased a new stake in Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 109,212 shares of the basic materials company’s stock, valued at approximately $721,000. Matarin Capital Management LLC owned approximately 0.17% of Mercer International at the end of the most recent reporting period. 76.21% of the stock is owned by hedge funds and other institutional investors.
Mercer International Company Profile
Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities.
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