TD Securities Upgrades Mercer International (MERC) to “Buy”

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Mercer International (NASDAQ:MERC) (TSE:MRI.U) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a $20.00 price objective on the basic materials company’s stock, up from their previous price objective of $15.00. TD Securities’ price target indicates a potential upside of 18.34% from the company’s current price.

Several other research analysts have also issued reports on the stock. BidaskClub lowered shares of Mercer International from a “sell” rating to a “strong sell” rating in a research report on Saturday, March 3rd. ValuEngine lowered shares of Mercer International from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Credit Suisse Group raised shares of Mercer International from a “neutral” rating to an “outperform” rating in a research report on Friday, May 11th. Finally, Royal Bank of Canada increased their price target on shares of Mercer International to $17.00 and gave the stock an “outperform” rating in a research report on Monday, May 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $17.33.

Mercer International opened at $16.90 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 1.22, a current ratio of 4.14 and a quick ratio of 2.92. Mercer International has a twelve month low of $10.45 and a twelve month high of $17.60. The stock has a market capitalization of $1.05 billion, a P/E ratio of 12.20 and a beta of 1.67.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its earnings results on Thursday, May 3rd. The basic materials company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05. Mercer International had a net margin of 6.68% and a return on equity of 16.63%. The business had revenue of $367.90 million during the quarter, compared to analysts’ expectations of $358.50 million. The business’s revenue was up 51.5% on a year-over-year basis.

In other news, Director Eric Lauritzen sold 11,200 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $15.93, for a total transaction of $178,416.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MERC. Thrivent Financial For Lutherans acquired a new stake in shares of Mercer International during the fourth quarter worth approximately $963,000. Bogle Investment Management L P DE acquired a new stake in shares of Mercer International during the fourth quarter worth approximately $1,242,000. Thrivent Financial for Lutherans increased its holdings in shares of Mercer International by 51.3% during the first quarter. Thrivent Financial for Lutherans now owns 101,837 shares of the basic materials company’s stock worth $1,268,000 after buying an additional 34,507 shares in the last quarter. Opus Capital Group LLC acquired a new stake in shares of Mercer International during the first quarter worth approximately $2,008,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Mercer International by 3.8% during the first quarter. Russell Investments Group Ltd. now owns 348,776 shares of the basic materials company’s stock worth $4,335,000 after buying an additional 12,885 shares in the last quarter. 76.27% of the stock is owned by institutional investors.

Mercer International Company Profile

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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