Mercer International (NASDAQ:MERC) Price Target Increased to $10.50 by Analysts at Raymond James

Mercer International (NASDAQ:MERC) (TSE:MRI.U) had its price target increased by research analysts at Raymond James from $8.50 to $10.50 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “market perform” rating on the basic materials company’s stock. Raymond James’ target price points to a potential upside of 9.95% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. StockNews.com raised Mercer International to a “sell” rating in a research report on Friday, March 15th. TD Securities raised their price target on Mercer International from $10.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday. Royal Bank of Canada raised their price target on Mercer International from $9.00 to $10.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Finally, CIBC raised Mercer International from a “sector underperform” rating to a “neutral” rating and raised their price target for the stock from $8.00 to $9.00 in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Mercer International presently has a consensus rating of “Hold” and a consensus price target of $9.67.

Mercer International Stock Down 0.2 %

Shares of Mercer International stock traded down $0.02 during trading on Friday, hitting $9.55. 54,638 shares of the stock traded hands, compared to its average volume of 255,247. Mercer International has a 52-week low of $7.01 and a 52-week high of $10.42. The stock’s fifty day simple moving average is $9.33 and its 200 day simple moving average is $9.06. The firm has a market cap of $635.36 million, a P/E ratio of -2.63 and a beta of 1.38. The company has a current ratio of 3.82, a quick ratio of 2.37 and a debt-to-equity ratio of 2.53.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its quarterly earnings data on Friday, February 16th. The basic materials company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.06). Mercer International had a negative net margin of 12.14% and a negative return on equity of 29.17%. The company had revenue of $470.50 million for the quarter, compared to the consensus estimate of $508.46 million. During the same period in the previous year, the business earned $0.30 EPS. Mercer International’s revenue for the quarter was down 19.3% compared to the same quarter last year. On average, equities analysts predict that Mercer International will post -0.63 earnings per share for the current fiscal year.

Institutional Trading of Mercer International

Institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SNC raised its holdings in shares of Mercer International by 29.1% in the second quarter. BNP Paribas Arbitrage SNC now owns 6,396 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 1,440 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Mercer International in the fourth quarter worth about $99,000. Amalgamated Bank lifted its stake in shares of Mercer International by 19.6% in the third quarter. Amalgamated Bank now owns 13,291 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 2,182 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Mercer International in the first quarter worth about $155,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Mercer International during the third quarter valued at approximately $173,000. 85.79% of the stock is currently owned by hedge funds and other institutional investors.

Mercer International Company Profile

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.