Mercer International (MERC) to Release Earnings on Thursday

Mercer International (NASDAQ:MERCGet Free Report) (TSE:MRI.U) will be releasing its earnings data after the market closes on Thursday, February 15th. Analysts expect Mercer International to post earnings of ($0.57) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Mercer International Stock Up 1.3 %

MERC opened at $8.03 on Tuesday. The stock’s 50 day moving average price is $8.88 and its 200 day moving average price is $8.79. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.97 and a quick ratio of 2.40. The stock has a market cap of $534.24 million, a P/E ratio of -3.96 and a beta of 1.36. Mercer International has a 12 month low of $7.37 and a 12 month high of $11.77.

Hedge Funds Weigh In On Mercer International

A number of institutional investors have recently made changes to their positions in MERC. Geode Capital Management LLC grew its holdings in shares of Mercer International by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 436,073 shares of the basic materials company’s stock valued at $3,519,000 after purchasing an additional 12,335 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Mercer International by 5.4% during the 1st quarter. Ameriprise Financial Inc. now owns 242,131 shares of the basic materials company’s stock valued at $2,367,000 after purchasing an additional 12,458 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Mercer International by 10.3% during the 1st quarter. Rhumbline Advisers now owns 65,407 shares of the basic materials company’s stock valued at $912,000 after purchasing an additional 6,111 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Mercer International by 21.5% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 50,254 shares of the basic materials company’s stock valued at $618,000 after purchasing an additional 8,906 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in shares of Mercer International by 83.8% during the 4th quarter. State of Tennessee Treasury Department now owns 51,160 shares of the basic materials company’s stock valued at $595,000 after purchasing an additional 23,320 shares during the last quarter. Institutional investors own 83.89% of the company’s stock.

Analyst Ratings Changes

MERC has been the subject of several recent analyst reports. CIBC raised Mercer International from a “sector underperform” rating to a “neutral” rating and raised their target price for the stock from $8.00 to $9.00 in a research report on Friday, January 12th. Raymond James increased their price objective on Mercer International from $7.50 to $8.50 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. TD Securities increased their price objective on Mercer International from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Monday, November 6th. Finally, StockNews.com upgraded Mercer International to a “sell” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.92.

Read Our Latest Stock Report on MERC

Mercer International Company Profile

(Get Free Report)

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.

Read More

Earnings History for Mercer International (NASDAQ:MERC)

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.