Mercer International Inc. (NASDAQ:MERC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Mercer International Inc. (NASDAQ:MERCGet Rating) (TSE:MRI.U) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.75.

Several analysts have recently commented on MERC shares. Credit Suisse Group upped their price objective 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. StockNews.com raised shares of Mercer International from a “hold” rating to a “buy” rating in a report on Saturday, September 10th. Royal Bank of Canada increased their price target on shares of Mercer International from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. TD Securities increased their price target on shares of Mercer International from $16.50 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, August 2nd. Finally, Raymond James increased their price target on shares of Mercer International from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, July 25th.

Mercer International Stock Up 1.1 %

MERC stock opened at $13.45 on Monday. The firm’s fifty day simple moving average is $15.43 and its 200-day simple moving average is $14.85. The company has a market capitalization of $889.95 million, a P/E ratio of 2.94 and a beta of 1.43. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.27 and a quick ratio of 2.99. Mercer International has a 12 month low of $9.51 and a 12 month high of $17.50.

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

Mercer International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 28th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Tuesday, September 27th. Mercer International’s dividend payout ratio (DPR) is 6.56%.

Insider Activity

In other news, Director Keith Purchase sold 10,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $17.01, for a total value of $170,100.00. Following the completion of the sale, the director now directly owns 67,393 shares in the company, valued at $1,146,354.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Keith Purchase sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $17.01, for a total transaction of $170,100.00. Following the completion of the sale, the director now directly owns 67,393 shares in the company, valued at $1,146,354.93. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rainer Rettig sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $16.34, for a total transaction of $196,080.00. Following the sale, the director now owns 10,893 shares of the company’s stock, valued at $177,991.62. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its holdings in shares of Mercer International by 16.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 6,775 shares of the basic materials company’s stock valued at $89,000 after acquiring an additional 970 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Mercer International during the 1st quarter worth $152,000. Quantbot Technologies LP purchased a new stake in shares of Mercer International during the 1st quarter worth $155,000. New York State Teachers Retirement System boosted 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 in the last quarter. Finally, Credit Suisse AG boosted its position in shares of Mercer International by 9.1% during the 2nd quarter. Credit Suisse AG now owns 33,034 shares of the basic materials company’s stock worth $434,000 after purchasing an additional 2,747 shares in the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.

Mercer International Company Profile

(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.

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