Mercer International (MERC) Lifted to “Hold” at BidaskClub

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BidaskClub upgraded shares of Mercer International (NASDAQ:MERC) (TSE:MRI.U) from a sell rating to a hold rating in a research report report published on Saturday, BidAskClub reports.

Other analysts have also issued research reports about the stock. TD Securities upped their target price 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. Royal Bank of Canada upped their target price 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Mercer International presently has a consensus rating of Buy and a consensus target price of $20.33.

Mercer International stock opened at $14.52 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 2.59 and a current ratio of 4.15. The company has a market cap of $961.70 million, a P/E ratio of 7.41 and a beta of 1.85. Mercer International has a 1-year low of $9.36 and a 1-year high of $19.14.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its earnings results on Thursday, February 14th. The basic materials company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.03). The firm had revenue of $412.25 million for the quarter, compared to the consensus estimate of $395.77 million. Mercer International had a return on equity of 22.62% and a net margin of 8.82%. The business’s revenue was up 24.5% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. Research analysts expect that Mercer International will post 2.51 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 27th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Tuesday, March 26th. Mercer International’s payout ratio is 25.51%.

Large investors have recently modified their holdings of the company. Bessemer Group Inc. bought a new position in shares of Mercer International in the 4th quarter worth $28,000. O Shaughnessy Asset Management LLC bought a new position in shares of Mercer International in the 4th quarter worth $44,000. United Services Automobile Association increased its holdings in shares of Mercer International by 24.4% in the 4th quarter. United Services Automobile Association now owns 20,962 shares of the basic materials company’s stock worth $219,000 after buying an additional 4,107 shares during the last quarter. Renaissance Group LLC increased its holdings in shares of Mercer International by 3.6% in the 4th quarter. Renaissance Group LLC now owns 44,825 shares of the basic materials company’s stock worth $468,000 after buying an additional 1,569 shares during the last quarter. Finally, Paloma Partners Management Co increased its holdings in shares of Mercer International by 144.3% in the 3rd quarter. Paloma Partners Management Co now owns 44,532 shares of the basic materials company’s stock worth $748,000 after buying an additional 26,301 shares during the last quarter. 76.33% 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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