Mercer International (MERC) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Mercer International (NASDAQ:MERC) (TSE:MRI.U) from a sell rating to a hold rating in a report published on Saturday morning, BidAskClub reports.

A number of other equities research analysts also recently commented on the company. TD Securities lifted their target price on Mercer International from $17.00 to $18.00 and gave the stock a buy rating in a report on Tuesday, February 19th. Royal Bank of Canada lifted their target price on Mercer International from $15.00 to $18.00 and gave the stock an outperform rating in a report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mercer International currently has an average rating of Buy and a consensus price target of $20.33.

Shares of NASDAQ MERC opened at $14.84 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 4.15 and a quick ratio of 2.59. The stock has a market capitalization of $961.73 million, a price-to-earnings ratio of 7.57 and a beta of 1.86. Mercer International has a fifty-two week low of $9.36 and a fifty-two week high of $19.14.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its quarterly earnings results on Thursday, February 14th. The basic materials company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.03). The business had revenue of $412.25 million during the quarter, compared to analyst estimates of $395.77 million. Mercer International had a return on equity of 22.62% and a net margin of 8.82%. Mercer International’s revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. On average, equities analysts anticipate that Mercer International will post 2.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 27th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Tuesday, March 26th. Mercer International’s dividend payout ratio (DPR) is 25.51%.

Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new stake in shares of Mercer International during the fourth quarter worth about $28,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Mercer International during the fourth quarter worth about $44,000. United Services Automobile Association lifted its holdings in shares of Mercer International by 24.4% during the fourth quarter. United Services Automobile Association now owns 20,962 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 4,107 shares during the period. Renaissance Group LLC lifted its holdings in shares of Mercer International by 3.6% during the fourth quarter. Renaissance Group LLC now owns 44,825 shares of the basic materials company’s stock worth $468,000 after purchasing an additional 1,569 shares during the period. Finally, Paloma Partners Management Co lifted its holdings in shares of Mercer International by 144.3% during the third quarter. Paloma Partners Management Co now owns 44,532 shares of the basic materials company’s stock worth $748,000 after purchasing an additional 26,301 shares during the period. 76.33% 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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