Mercer International Inc. (NASDAQ:MERC) Stock Has Consensus Target Price of $0.85

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) has received a consensus rating of “Strong Sell” from the six analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $0.85.

A number of research firms recently issued reports on MERC. Wall Street Zen raised Mercer International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. TD decreased their target price on shares of Mercer International from $0.40 to $0.15 and set a “sell” rating on the stock in a research note on Monday, August 10th. Weiss Ratings cut shares of Mercer International from a “sell (e+)” rating to a “sell (e)” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce downgraded shares of Mercer International from a “neutral” rating to a “sector underperform” rating and set a $0.15 price target for the company. in a report on Tuesday, October 27th. Finally, Royal Bank Of Canada dropped their price target on Mercer International from $0.75 to $0.20 and set a “sector perform” rating on the stock in a research report on Friday, October 16th.

Institutional Trading of Mercer International

Institutional investors have recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in shares of Mercer International in the 2nd quarter valued at about $67,000. Squarepoint Ops LLC lifted its stake in Mercer International by 773.9% during the 2nd quarter. Squarepoint Ops LLC now owns 161,818 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 143,301 shares during the period. Net Worth Advisory Group boosted its holdings in shares of Mercer International by 847.0% during the 3rd quarter. Net Worth Advisory Group now owns 287,699 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 257,318 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Mercer International during the 2nd quarter worth approximately $379,000. Finally, Atlas FRM LLC purchased a new position in Mercer International during the 2nd quarter worth approximately $393,882. Institutional investors own 85.79% of the company’s stock.

Mercer International Stock Performance

MERC opened at $0.26 on Friday. The stock has a market cap of $17.43 million, a price-to-earnings ratio of -0.04 and a beta of 0.67. Mercer International has a one year low of $0.12 and a one year high of $2.85. The stock’s 50 day moving average price is $0.27 and its 200-day moving average price is $0.92.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings data on Thursday, November 5th. The basic materials company reported ($0.88) EPS for the quarter, topping the consensus estimate of ($1.11) by $0.23. The company had revenue of $440.67 million during the quarter, compared to analyst estimates of $452.00 million. Mercer International had a negative return on equity of 352.57% and a negative net margin of 27.86%. As a group, analysts predict that Mercer International will post -3.35 earnings per share for the current fiscal year.

Mercer International Company Profile

Mercer International Inc is a global producer of market northern bleached softwood kraft (NBSK) pulp, a wood-fiber material used to manufacture tissue, printing and writing papers, specialty papers, and other fiber-based products. The company sells its pulp to customers in a range of international markets, primarily through direct sales and established distribution channels.

Mercer operates pulp mills in Germany and Canada. Its German operations include the Rosenthal mill in Blankenstein and the Stendal mill in Arneburg, while its Canadian operations include the Celgar mill in Castlegar, British Columbia.