Mercer International (NASDAQ:MERC) Earns “Outperform” Rating from Raymond James

Mercer International (NASDAQ:MERC) (TSE:MRI.U)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Raymond James in a research report issued to clients and investors on Friday, BayStreet.CA reports. They currently have a $22.00 price target on the basic materials company’s stock. Raymond James’ target price would suggest a potential upside of 78.43% from the company’s current price.

A number of other research firms also recently weighed in on MERC. CIBC downgraded shares of Mercer International from a “sector outperform” rating to a “neutral” rating in a research note on Friday, July 5th. TD Securities increased their price target on shares of Mercer International from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Zacks Investment Research downgraded shares of Mercer International from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub downgraded shares of Mercer International from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 13th. Finally, Royal Bank of Canada raised their target price on shares of Mercer International from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Mercer International presently has an average rating of “Hold” and a consensus price target of $21.67.

NASDAQ:MERC opened at $12.33 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.65 and a current ratio of 3.98. The stock has a market capitalization of $809.47 million, a P/E ratio of 6.29 and a beta of 1.63. Mercer International has a fifty-two week low of $9.36 and a fifty-two week high of $19.14. The stock’s 50 day moving average is $14.17.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.18). The company had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $484.77 million. Mercer International had a return on equity of 26.76% and a net margin of 9.82%. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. As a group, research analysts anticipate that Mercer International will post 1.74 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC purchased a new position in shares of Mercer International in the 1st quarter valued at $187,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Mercer International in the 1st quarter valued at $227,000. Crossmark Global Holdings Inc. purchased a new position in shares of Mercer International in the 1st quarter valued at $240,000. United Services Automobile Association grew its holdings in 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 valued at $219,000 after purchasing an additional 4,107 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Mercer International by 81.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,124 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 10,375 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

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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