Mercer International (NASDAQ:MERC) Upgraded to “Sell” at StockNews.com

Mercer International (NASDAQ:MERCGet Free Report) (TSE:MRI.U) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other research analysts have also weighed in on the company. TD Securities upped their price objective on Mercer International from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Monday, November 6th. CIBC raised Mercer International from a “sector underperform” rating to a “neutral” rating and upped their target price for the company from $8.00 to $9.00 in a report on Friday, January 12th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Mercer International currently has a consensus rating of “Hold” and an average target price of $8.92.

View Our Latest Analysis on MERC

Mercer International Price Performance

Shares of NASDAQ MERC opened at $8.46 on Thursday. The stock has a market cap of $562.84 million, a P/E ratio of -4.17 and a beta of 1.49. The company has a current ratio of 3.97, a quick ratio of 2.40 and a debt-to-equity ratio of 2.39. The stock has a 50 day moving average of $9.15 and a two-hundred day moving average of $8.84. Mercer International has a twelve month low of $7.37 and a twelve month high of $13.25.

Mercer International (NASDAQ:MERCGet Free Report) (TSE:MRI.U) last announced its quarterly earnings data on Thursday, November 2nd. The basic materials company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.22. Mercer International had a negative return on equity of 17.62% and a negative net margin of 6.40%. The firm had revenue of $470.82 million for the quarter. On average, research analysts forecast that Mercer International will post -2.78 earnings per share for the current year.

Institutional Investors Weigh In On Mercer International

A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Mercer International during the 3rd quarter valued at $296,000. Ameriprise Financial Inc. raised its holdings in shares of Mercer International by 13.7% during the third quarter. Ameriprise Financial Inc. now owns 264,007 shares of the basic materials company’s stock valued at $2,265,000 after buying an additional 31,879 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in Mercer International by 83.8% during the fourth quarter. State of Tennessee Treasury Department now owns 51,160 shares of the basic materials company’s stock worth $595,000 after purchasing an additional 23,320 shares in the last quarter. Credit Suisse AG grew its position in Mercer International by 44.6% in the fourth quarter. Credit Suisse AG now owns 47,802 shares of the basic materials company’s stock worth $556,000 after buying an additional 14,750 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Mercer International in the third quarter worth approximately $173,000. Institutional investors and hedge funds own 83.89% of the company’s stock.

Mercer International Company Profile

(Get Free Report)

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. The company operates through two segments, Pulp and Wood Products. It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities.

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Analyst Recommendations for Mercer International (NASDAQ:MERC)

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