Mercer International Inc. (NASDAQ:MERC) Given Consensus Recommendation of “Buy” by Brokerages

Mercer International Inc. (NASDAQ:MERCGet Rating) (TSE:MRI.U) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.90.

A number of brokerages have recently commented on MERC. Credit Suisse Group increased their price objective on Mercer International from $16.00 to $18.50 and gave the company a “neutral” rating in a report on Thursday, April 21st. StockNews.com assumed coverage on Mercer International in a report on Thursday, March 31st. They set a “buy” rating on the stock. TD Securities raised their target price on Mercer International from $15.00 to $17.00 and gave the company a “hold” rating in a report on Monday, May 2nd. Royal Bank of Canada raised their target price on Mercer International from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, February 22nd. Finally, Raymond James set a $19.00 price objective on Mercer International and gave the stock an “outperform” rating in a research report on Monday, May 2nd.

MERC opened at $15.08 on Tuesday. Mercer International has a fifty-two week low of $9.51 and a fifty-two week high of $17.17. The business has a 50-day moving average of $14.84 and a 200-day moving average of $12.87. The company has a debt-to-equity ratio of 1.65, a current ratio of 4.16 and a quick ratio of 2.90. The company has a market capitalization of $997.27 million, a PE ratio of 3.95 and a beta of 1.40.

Mercer International (NASDAQ:MERCGet Rating) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, April 28th. The basic materials company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. Mercer International had a return on equity of 37.70% and a net margin of 12.81%. The company had revenue of $592.74 million during the quarter, compared to the consensus estimate of $532.10 million. During the same period last year, the business earned $0.45 EPS. The business’s quarterly revenue was up 43.6% on a year-over-year basis. On average, equities research analysts expect that Mercer International will post 3.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Wednesday, June 29th will be given a $0.075 dividend. The ex-dividend date is Tuesday, June 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.99%. Mercer International’s dividend payout ratio is currently 7.85%.

In other news, major shareholder Peter R. Kellogg acquired 7,700 shares of Mercer International stock in a transaction on Monday, March 7th. The stock was bought at an average price of $12.76 per share, for a total transaction of $98,252.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC lifted its position in shares of Mercer International by 42.4% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 48,387 shares of the basic materials company’s stock worth $580,000 after buying an additional 14,400 shares during the period. Tudor Investment Corp Et Al bought a new position in shares of Mercer International during the 3rd quarter worth approximately $440,000. SG Americas Securities LLC bought a new position in shares of Mercer International during the 3rd quarter worth approximately $286,000. Rhumbline Advisers lifted its position in shares of Mercer International by 5.6% during the 4th quarter. Rhumbline Advisers now owns 59,296 shares of the basic materials company’s stock worth $711,000 after buying an additional 3,161 shares during the period. Finally, California State Teachers Retirement System lifted its position in shares of Mercer International by 3.1% during the 4th quarter. California State Teachers Retirement System now owns 36,279 shares of the basic materials company’s stock worth $435,000 after buying an additional 1,104 shares during the period. Institutional investors and hedge funds own 75.80% of the company’s stock.

About Mercer International (Get Rating)

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 through two segments, Pulp and Wood Products. It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities.

Featured Stories

Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.