BidaskClub Lowers Mercer International (MERC) to Sell

Mercer International (NASDAQ:MERC) (TSE:MRI.U) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday, BidAskClub reports.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada lifted their price objective on shares of Mercer International from $15.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. TD Securities lifted their price objective on shares of Mercer International from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, February 19th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $23.00 price objective on shares of Mercer International in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mercer International has a consensus rating of “Hold” and a consensus target price of $22.00.

NASDAQ MERC opened at $15.74 on Wednesday. Mercer International has a 12-month low of $9.36 and a 12-month high of $19.14. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.98 and a quick ratio of 2.65. The firm has a market capitalization of $1.05 billion, a P/E ratio of 8.03 and a beta of 1.84.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. Mercer International had a net margin of 9.82% and a return on equity of 26.76%. The business had revenue of $484.00 million during the quarter, compared to the consensus estimate of $476.87 million. During the same quarter last year, the firm posted $0.82 EPS. Mercer International’s revenue was up 31.6% compared to the same quarter last year. On average, sell-side analysts expect that Mercer International will post 2.35 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of MERC. Bessemer Group Inc. purchased a new position in Mercer International during the 4th quarter worth $28,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Mercer International during the 4th quarter worth $44,000. American International Group Inc. bought a new stake in shares of Mercer International during the 1st quarter worth $69,000. Mason Street Advisors LLC bought a new stake in shares of Mercer International during the 1st quarter worth $187,000. Finally, United Services Automobile Association raised its stake in shares of Mercer International by 24.4% during the 4th quarter. United Services Automobile Association now owns 20,962 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 4,107 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

About Mercer International

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood Kraft (NBSK) pulp in the United States, Europe, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It produces NBSK pulp primarily from wood chips and pulp logs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.

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