Shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) have received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $16.19.

A number of equities analysts have commented on the stock. CSFB downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, October 27th. Royal Bank of Canada upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $12.00 to $15.00 in a research report on Wednesday, October 18th. Credit Suisse Group downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, BidaskClub downgraded shares of Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th.

Shares of Mercer International (NASDAQ:MERC) traded up $0.10 during trading on Friday, reaching $13.75. 189,763 shares of the company’s stock were exchanged, compared to its average volume of 202,844. The stock has a market cap of $851.73, a P/E ratio of 14.89 and a beta of 1.48. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 3.58. Mercer International has a 52 week low of $9.88 and a 52 week high of $15.00.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This is a boost from Mercer International’s previous quarterly dividend of $0.12. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.64%. Mercer International’s dividend payout ratio is 63.89%.

In related news, major shareholder Peter R. Kellogg purchased 2,658,743 shares of the stock in a transaction dated Tuesday, October 10th. The shares were acquired at an average cost of $12.41 per share, with a total value of $32,995,000.63. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Peter R. Kellogg purchased 10,514 shares of the stock in a transaction dated Monday, December 18th. The shares were bought at an average cost of $13.08 per share, for a total transaction of $137,523.12. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 2,890,000 shares of company stock worth $35,728,615 and have sold 320,500 shares worth $4,302,285. Corporate insiders own 4.90% of the company’s stock.

Large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC grew its stake in shares of Mercer International by 9.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock worth $224,000 after purchasing an additional 1,654 shares during the period. Renaissance Group LLC grew its stake in Mercer International by 9.7% in the 2nd quarter. Renaissance Group LLC now owns 39,013 shares of the basic materials company’s stock valued at $449,000 after acquiring an additional 3,434 shares during the last quarter. Nationwide Fund Advisors grew its stake in Mercer International by 16.5% in the 2nd quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock valued at $2,495,000 after acquiring an additional 30,661 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Mercer International by 11.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock valued at $2,767,000 after acquiring an additional 23,872 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Mercer International by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 283,990 shares of the basic materials company’s stock valued at $3,322,000 after acquiring an additional 8,231 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/mercer-international-inc-merc-receives-consensus-rating-of-hold-from-analysts/1775082.html.

Mercer International Company Profile

Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.

Analyst Recommendations for Mercer International (NASDAQ:MERC)

Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.