Mercer International (NASDAQ: MERC) (TSE: MRI.U) was downgraded from an “outperform” rating to a “neutral” rating by equity analysts at Credit Suisse Group in a report released on Wednesday, analyst Price Targets reported. They currently have a $ 14.00 price target on the basic materials company, up from their previous price target of $ 12. Credit Suisse Group’s target price points to a possible upward movement of 15. % of the company’s previous closing.
A number of other brokers have also charged MERC. TD Securities raised its target price on shares of Mercer International from $. to $ 12 and gave the company a buy rating in a research note on Thursday, February 18th. The Royal Bank of Canada raised its target price on shares of Mercer International from $). to $ 11th and rated the company “Sector Performance” in a research report on Thursday, February) th. Zacks Investment Research downgraded Mercer International from a “buy” rating to a “hold” rating in a report on Thursday, February 88th. Raymond James raised his target price for Mercer International from $. to $ 6.20 and gave the company an “Outperform” rating in a research note on Wednesday, January 8th. Finally, TheStreet upgraded Mercer International from a “d +” rating to a “c-” rating in a research report on Monday, March 1st. Three research analysts have given the share a hold rating and three have given it a buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 25. 00.
MERC stock opened at $ 13. 53 on Wednesday. The company’s moving average price is $ 20 . 88 and its two hundred day moving average price is $ 9. 81. The company has a current ratio of 4.12, a fast ratio of 2. 70, and a debt to equity ratio of 2.04. The company has a market capitalization of $ 957,000 million, a PE ratio of – 12. 31 and a beta of 1. 88. Mercer International has a 1 year low of $ 570 and a 1 year high of $ 5 74.. 70.
Mercer International (NASDAQ: MERC) (TSE: MRI.U) last released its quarterly results on Tuesday, February th. The materials company reported ($ 0.14 EPS for the quarter missing the Zacks’ consensus estimate of $ 0. from ($ 0.17). Mercer International had a negative return on equity of 09% and a negative net margin of $ 5 The company had revenues of $ 398.20 million for the quarter. On average, analysts predict that Mercer International will publish -0.04 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently changed their holdings in MERC. The California Public Employees Retirement System increased its stake in Mercer International by 4.0% in the third quarter. The California Public Employees Retirement System now owns 96,082 shares in the basic materials company, valued at $ 634,0 after purchasing an additional 3,716 shares last quarter. Matarin Capital Management LLC acquired a new stake in Mercer International valued at $ 721.0 in the third quarter. Rhumbline Advisers increased its position in Mercer International by 8.8% in the fourth quarter. Rhumbline Advisers now owns 31,198 shares in the materials company, valued at $ 699.0, after purchasing an additional 5,523 shares last quarter. Vancity Investment Management Ltd acquired a new stake in Mercer International worth $ 4,589 in the fourth quarter. Finally, SG Americas Securities LLC bought a new position in Mercer International shares worth approximately $ 154,0 in the fourth quarter. 74. 17% of the shares are owned by hedge funds and other institutional investors.
About Mercer International
Mercer International Inc, together with its subsidiaries, produces and sells NBSK (Northern Bleached Softwood Kraft) pulp in Europe, the USA, Asia and internationally. The company operates in two segments: pulp and wood products. It also generates and sells green energy from the biomass CHP power plant to third party suppliers.
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