BidaskClub downgraded shares of Mercer International (NASDAQ:MERC) (TSE:MRI.U) from a sell rating to a strong sell rating in a research report sent to investors on Friday.

MERC has been the subject of several other research reports. TD Securities lifted their target price on shares of Mercer International from $21.00 to $23.00 and gave the stock a buy rating in a report on Friday, October 5th. Raymond James lifted their target price on shares of Mercer International from $19.00 to $19.50 and gave the stock an outperform rating in a report on Friday, July 27th. Royal Bank of Canada reaffirmed a buy rating and set a $22.00 target price on shares of Mercer International in a report on Thursday, July 19th. Finally, ValuEngine downgraded shares of Mercer International from a buy rating to a hold rating in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $20.63.

Shares of MERC stock traded down $0.27 during midday trading on Friday, hitting $16.54. 302,397 shares of the company were exchanged, compared to its average volume of 219,365. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.44 and a beta of 1.66. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.51 and a current ratio of 3.51. Mercer International has a 52 week low of $12.05 and a 52 week high of $19.14.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Wednesday, September 26th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.02%. The ex-dividend date was Tuesday, September 25th.

In other Mercer International news, Director James Shepherd sold 4,800 shares of Mercer International stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $17.75, for a total value of $85,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. United Services Automobile Association raised its stake in Mercer International by 35.8% in the 2nd quarter. United Services Automobile Association now owns 16,180 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 4,266 shares in the last quarter. Portolan Capital Management LLC acquired a new stake in Mercer International in the 2nd quarter worth about $5,686,000. Public Employees Retirement System of Ohio raised its stake in Mercer International by 7.3% in 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 purchasing an additional 9,039 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Mercer International by 3.8% in the 1st quarter. Russell Investments Group Ltd. now owns 348,776 shares of the basic materials company’s stock worth $4,335,000 after purchasing an additional 12,885 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Mercer International in the 2nd quarter valued at approximately $319,000. 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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