Mercer International Inc. (NASDAQ:MERC – Get Free Report) (TSE:MRI.U) has received an average recommendation of “Strong Sell” from the six brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $1.85.
A number of equities research analysts have recently issued reports on the stock. TD Securities lowered shares of Mercer International from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mercer International in a report on Friday, March 27th. TD dropped their target price on shares of Mercer International from $1.00 to $0.50 and set a “sell” rating for the company in a report on Monday, May 11th. Finally, Royal Bank Of Canada dropped their target price on shares of Mercer International from $1.25 to $1.00 and set a “sector perform” rating for the company in a report on Monday, May 11th.
View Our Latest Analysis on MERC
Insider Activity
Institutional Investors Weigh In On Mercer International
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Mercer International by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 561,001 shares of the basic materials company’s stock worth $1,111,000 after purchasing an additional 14,603 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in Mercer International during the second quarter worth about $244,000. Millennium Management LLC increased its position in Mercer International by 16.1% during the third quarter. Millennium Management LLC now owns 994,974 shares of the basic materials company’s stock worth $2,866,000 after purchasing an additional 137,906 shares during the last quarter. Jump Financial LLC increased its position in Mercer International by 340.6% during the second quarter. Jump Financial LLC now owns 276,837 shares of the basic materials company’s stock worth $969,000 after purchasing an additional 214,008 shares during the last quarter. Finally, Iat Reinsurance Co. LTD. increased its position in Mercer International by 1.3% during the third quarter. Iat Reinsurance Co. LTD. now owns 16,700,000 shares of the basic materials company’s stock worth $48,096,000 after purchasing an additional 220,000 shares during the last quarter. 85.79% of the stock is currently owned by institutional investors and hedge funds.
Mercer International Price Performance
Mercer International stock opened at $0.80 on Wednesday. Mercer International has a 52-week low of $0.75 and a 52-week high of $4.47. The firm has a market capitalization of $53.32 million, a price-to-earnings ratio of -0.10 and a beta of 0.47. The company has a fifty day simple moving average of $1.07 and a 200-day simple moving average of $1.62. The company has a quick ratio of 1.22, a current ratio of 2.17 and a debt-to-equity ratio of 23.58.
Mercer International (NASDAQ:MERC – Get Free Report) (TSE:MRI.U) last released its earnings results on Thursday, May 7th. The basic materials company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.04). Mercer International had a negative return on equity of 136.20% and a negative net margin of 28.51%.The business had revenue of $489.30 million for the quarter, compared to analysts’ expectations of $493.00 million. On average, equities analysts anticipate that Mercer International will post -2.21 EPS for the current fiscal year.
Mercer International Company Profile
Mercer International Inc is a publicly traded pulp producer headquartered in Vancouver, British Columbia. Listed on the NASDAQ under the symbol MERC, the company specializes in the manufacture of Northern Bleached Softwood Kraft (NBSK) pulp and dissolving pulp for use in tissue, specialty paper and textile applications.
Mercer’s core business activities include the operation of integrated pulp mills in North America and Europe. Its production portfolio encompasses NBSK pulp, renowned for its strength and versatility, and dissolving pulp, which serves as a key raw material in the manufacture of viscose, cellulose acetate and other specialty products.
The company’s facilities are located in British Columbia and the U.S.
Further Reading
- Five stocks we like better than Mercer International
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.
