Mercer International (NASDAQ:MERC) Stock Rating Lowered by ValuEngine

Mercer International (NASDAQ:MERC) (TSE:MRI.U) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday, ValuEngine reports.

A number of other brokerages have also recently issued reports on MERC. Raymond James set a $60.00 target price on Banner and gave the stock a “buy” rating in a report on Friday, May 3rd. CIBC increased their target price on Norbord from C$31.00 to C$35.00 in a report on Friday, July 5th. TD Securities increased their target price on Westshore Terminals Investment from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, BidaskClub upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mercer International currently has an average rating of “Hold” and an average target price of $22.00.

Mercer International stock opened at $13.62 on Friday. The company has a market cap of $878.41 million, a PE ratio of 6.95 and a beta of 1.65. Mercer International has a 52-week low of $9.36 and a 52-week high of $19.14. The stock’s 50 day simple moving average is $14.91. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.98 and a quick ratio of 2.65.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. purchased a new stake in Mercer International in the 4th quarter valued at $28,000. O Shaughnessy Asset Management LLC purchased a new stake in Mercer International in the 4th quarter valued at $44,000. Mason Street Advisors LLC purchased a new stake in Mercer International in the 1st quarter valued at $187,000. Oregon Public Employees Retirement Fund purchased a new stake in Mercer International in the 1st quarter valued at $227,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Mercer International in the 1st quarter valued at $240,000. 78.28% of the stock is owned by institutional investors and hedge funds.

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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