Mercer International (NASDAQ:MERC) Rating Reiterated by Royal Bank of Canada

Mercer International (NASDAQ:MERCGet Rating) (TSE:MRI.U)‘s stock had its “maintains” rating reissued by investment analysts at Royal Bank of Canada in a report released on Tuesday, MarketBeat.com reports. They presently have a $20.00 price objective on the basic materials company’s stock, up from their previous price objective of $17.00. Royal Bank of Canada’s target price would indicate a potential upside of 34.23% from the company’s current price.

MERC has been the subject of several other research reports. Raymond James boosted their price target on shares of Mercer International from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, July 25th. TD Securities boosted their price target on shares of Mercer International from $16.50 to $18.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Credit Suisse Group boosted their price target on shares of Mercer International from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, July 26th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.75.

Mercer International Stock Performance

Shares of Mercer International stock opened at $14.90 on Tuesday. The firm has a fifty day moving average of $14.45 and a two-hundred day moving average of $14.10. The stock has a market capitalization of $985.89 million, a price-to-earnings ratio of 3.26 and a beta of 1.45. Mercer International has a 52 week low of $9.51 and a 52 week high of $17.17. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.99 and a current ratio of 4.27.

Mercer International (NASDAQ:MERCGet Rating) (TSE:MRI.U) last announced its quarterly earnings results on Thursday, July 28th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.08. Mercer International had a net margin of 14.11% and a return on equity of 42.77%. The company had revenue of $572.33 million during the quarter, compared to analyst estimates of $484.73 million. During the same quarter in the previous year, the business earned $0.32 EPS. The firm’s revenue was up 42.4% on a year-over-year basis. As a group, equities research analysts predict that Mercer International will post 4.06 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Mercer International during the 1st quarter worth approximately $152,000. Quantbot Technologies LP acquired a new position in shares of Mercer International during the 1st quarter worth approximately $155,000. New York State Teachers Retirement System increased its position in shares of Mercer International by 18.3% during the 2nd quarter. New York State Teachers Retirement System now owns 25,236 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 3,900 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Mercer International by 36.6% during the 4th quarter. SG Americas Securities LLC now owns 33,683 shares of the basic materials company’s stock worth $404,000 after purchasing an additional 9,023 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake 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 acquiring an additional 14,400 shares during the period. Institutional investors and hedge funds own 75.80% of the company’s stock.

About Mercer International

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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.

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