Mercer International (MERC) Reaches New 1-Year High and Low at $15.35

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) hit a new 52-week high and low on Monday . The company traded as low as $15.35 and last traded at $15.35, with a volume of 5195 shares changing hands. The stock had previously closed at $15.00.

A number of brokerages have weighed in on MERC. BidaskClub raised shares of Mercer International from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. ValuEngine raised shares of Mercer International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada upped their price target on shares of Mercer International to $17.00 and gave the company an “outperform” rating in a report on Monday, May 7th. Finally, Credit Suisse Group raised shares of Mercer International from a “neutral” rating to an “outperform” rating in a report on Friday, May 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.92.

The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.92 and a current ratio of 4.14. The firm has a market cap of $984.08 million, a price-to-earnings ratio of 11.44 and a beta of 1.64.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its quarterly earnings results on Thursday, May 3rd. The basic materials company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.05. Mercer International had a net margin of 6.68% and a return on equity of 16.63%. The company had revenue of $367.90 million during the quarter, compared to the consensus estimate of $358.50 million. Mercer International’s revenue was up 51.5% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Wednesday, June 27th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, June 26th.

A number of hedge funds and other institutional investors have recently modified their holdings of MERC. Russell Investments Group Ltd. lifted its stake in Mercer International by 3.8% during the first quarter. Russell Investments Group Ltd. now owns 348,776 shares of the basic materials company’s stock valued at $4,335,000 after buying an additional 12,885 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Mercer International by 51.3% during the first quarter. Thrivent Financial for Lutherans now owns 101,837 shares of the basic materials company’s stock valued at $1,268,000 after buying an additional 34,507 shares in the last quarter. Opus Capital Group LLC purchased a new stake in Mercer International during the first quarter valued at about $2,008,000. Thrivent Financial For Lutherans purchased a new stake in Mercer International during the fourth quarter valued at about $963,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Mercer International during the fourth quarter valued at about $4,736,000. 76.25% of the stock is owned by institutional investors.

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.

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