BidaskClub downgraded shares of Mercer International (NASDAQ:MERC) (TSE:MRI.U) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning, BidAskClub reports.

Other analysts also recently issued research reports about the stock. TD Securities increased their target price on shares of Mercer International from $18.00 to $21.00 and gave the stock a buy rating in a research report on Monday, May 6th. Raymond James reissued a strong-buy rating and set a $23.00 target price on shares of Mercer International in a research report on Friday, May 3rd. Finally, Royal Bank of Canada upped their price target on Mercer International from $18.00 to $22.00 and gave the stock an outperform rating in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Mercer International has a consensus rating of Hold and an average target price of $22.00.

MERC opened at $14.63 on Wednesday. The company has a market cap of $947.34 million, a P/E ratio of 7.46 and a beta of 1.84. Mercer International has a 1 year low of $9.36 and a 1 year high of $19.14. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.98 and a quick ratio of 2.65.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. The firm had revenue of $484.00 million during the quarter, compared to the consensus estimate of $476.87 million. Mercer International had a net margin of 9.82% and a return on equity of 26.76%. The company’s revenue was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, analysts expect that Mercer International will post 2.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 24th will be issued a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Friday, June 21st. This is a boost from Mercer International’s previous quarterly dividend of $0.13. Mercer International’s dividend payout ratio is currently 25.51%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MERC. Bessemer Group Inc. purchased a new position in Mercer International in the 4th quarter worth approximately $28,000. O Shaughnessy Asset Management LLC purchased a new position in Mercer International in the 4th quarter worth approximately $44,000. American International Group Inc. purchased a new position in Mercer International in the 1st quarter worth approximately $69,000. Mason Street Advisors LLC purchased a new position in Mercer International in the 1st quarter worth approximately $187,000. Finally, United Services Automobile Association boosted its holdings in Mercer International by 24.4% in the 4th quarter. United Services Automobile Association now owns 20,962 shares of the basic materials company’s stock worth $219,000 after acquiring an additional 4,107 shares during the period. Hedge funds and other institutional investors own 78.74% of the company’s stock.

Mercer International Company Profile

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.

Recommended Story: Trading Stocks – What are percentage gainers?

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.