Mercer International Inc. (MERC) Upgraded to Hold at Zacks Investment Research
According to Zacks, “Mercer International Inc. owns and operates a diverse pulp and paper business in the southern German states of Saxony and Thuringia, in the former East Germany. The Company operates it’s pulp business primarily through its subsidiaries, Spezialpapierfabrik Blankenstein GmbH and Zellstof-und Papierfabrik Rosenthal GmbH & Co. KG , and conducts its paper business through another subsidiary, Dresden Papier GmbH. “
MERC has been the subject of a number of other research reports. TheStreet downgraded shares of Mercer International from a buy rating to a hold rating in a research report on Wednesday, August 17th. Credit Suisse Group AG reiterated a buy rating and issued a $15.00 target price on shares of Mercer International in a research report on Sunday, June 5th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mercer International presently has a consensus rating of Buy and an average price target of $12.13.
Shares of Mercer International (NASDAQ:MERC) traded down 0.72% on Thursday, reaching $8.27. The company’s stock had a trading volume of 18,081 shares. Mercer International has a 1-year low of $5.95 and a 1-year high of $11.68. The stock has a market capitalization of $534.70 million, a PE ratio of 10.67 and a beta of 1.53. The stock has a 50-day moving average of $8.41 and a 200 day moving average of $8.60.
Mercer International (NASDAQ:MERC) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.12. Mercer International had a return on equity of 12.44% and a net margin of 5.10%. On average, equities analysts forecast that Mercer International will post $0.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Monday, September 26th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.52%. Mercer International’s dividend payout ratio is currently 59.74%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its position in Mercer International by 10.3% in the second quarter. Acrospire Investment Management LLC now owns 12,900 shares of the company’s stock worth $103,000 after buying an additional 1,200 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Mercer International by 546.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 15,643 shares of the company’s stock worth $125,000 after buying an additional 13,225 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Mercer International by 3.9% in the second quarter. Parametric Portfolio Associates LLC now owns 20,971 shares of the company’s stock worth $167,000 after buying an additional 789 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in Mercer International during the first quarter worth $177,000. Finally, Oak Associates Ltd. OH acquired a new position in Mercer International during the second quarter worth $249,000. Institutional investors and hedge funds own 57.79% of the company’s stock.
Mercer International Company Profile
Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.
Receive News & Stock Ratings for Mercer International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International Inc. and related stocks with our FREE daily email newsletter.