Mercer International (MERC) Stock Rating Upgraded by BidaskClub

Mercer International (NASDAQ:MERC) (TSE:MRI.U) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Other equities research analysts have also issued reports about the stock. Raymond James increased their price objective on shares of Mercer International from $19.50 to $22.50 and gave the company an “outperform” rating in a report on Tuesday, October 9th. TD Securities cut their price objective on shares of Mercer International from $23.00 to $21.00 and set a “buy” rating for the company in a report on Monday, October 29th. Finally, ValuEngine lowered shares of Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. Two research analysts have rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $22.67.

NASDAQ:MERC opened at $11.60 on Friday. Mercer International has a 1-year low of $9.36 and a 1-year high of $19.14. The stock has a market capitalization of $729.61 million, a PE ratio of 5.83 and a beta of 1.48. The company has a current ratio of 3.88, a quick ratio of 2.57 and a debt-to-equity ratio of 1.29.



Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its quarterly earnings results on Thursday, October 25th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.11). Mercer International had a net margin of 9.06% and a return on equity of 22.34%. The company had revenue of $331.06 million for the quarter.

Hedge funds have recently bought and sold shares of the stock. United Services Automobile Association boosted its stake in Mercer International by 35.8% during the second quarter. United Services Automobile Association now owns 16,180 shares of the basic materials company’s stock worth $283,000 after buying an additional 4,266 shares during the period. Paloma Partners Management Co purchased a new position in Mercer International during the second quarter worth $319,000. Janney Montgomery Scott LLC purchased a new position in Mercer International during the third quarter worth $442,000. Marshall Wace LLP purchased a new position in Mercer International during the third quarter worth $782,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Mercer International by 142.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 52,200 shares of the basic materials company’s stock worth $877,000 after buying an additional 30,700 shares during the period. 76.29% of the stock is 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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