Mercer International (NASDAQ:MERC) (TSE:MRI.U) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other research analysts also recently issued reports on the stock. TD Securities upgraded shares of Mercer International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $15.00 to $20.00 in a research note on Wednesday, June 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $22.00 price target on shares of Mercer International in a research note on Thursday, July 19th. Raymond James lifted their price target on shares of Mercer International from $19.00 to $19.50 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Finally, ValuEngine downgraded shares of Mercer International from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.13.

Shares of Mercer International stock opened at $17.15 on Friday. Mercer International has a 52-week low of $10.55 and a 52-week high of $18.75. The company has a quick ratio of 2.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $1.12 billion, a P/E ratio of 10.65 and a beta of 1.64.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its quarterly earnings results on Thursday, July 26th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). Mercer International had a return on equity of 19.39% and a net margin of 7.75%. The firm had revenue of $346.50 million during the quarter, compared to analysts’ expectations of $357.65 million. The company’s quarterly revenue was down 5.8% compared to the same quarter last year.

In other news, Director James Shepherd sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $17.75, for a total transaction of $85,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. United Services Automobile Association lifted its position in shares of Mercer International by 35.8% during the 2nd quarter. United Services Automobile Association now owns 16,180 shares of the basic materials company’s stock worth $283,000 after buying an additional 4,266 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Mercer International during the 2nd quarter worth approximately $319,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Mercer International by 377.8% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,500 shares of the basic materials company’s stock worth $376,000 after buying an additional 17,000 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Mercer International by 51.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 101,837 shares of the basic materials company’s stock worth $1,268,000 after buying an additional 34,507 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Mercer International by 7.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 132,529 shares of the basic materials company’s stock worth $2,319,000 after buying an additional 9,039 shares during the last quarter. Institutional investors and hedge funds own 74.73% of the company’s stock.

About Mercer International

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.

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Analyst Recommendations for Mercer International (NASDAQ:MERC)

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