Mercer International Inc. (NASDAQ:MERC) Stock Has Average Price Target of $1.13

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. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $1.13.

A number of analysts have recently issued reports on the company. Royal Bank Of Canada dropped their target price on shares of Mercer International from $1.00 to $0.75 and set a “sector perform” rating for the company in a research report on Friday, July 17th. TD reduced their price objective on 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 reiterated a “sell (e+)” rating on shares of Mercer International in a report on Monday, September 21st. Canadian Imperial Bank of Commerce dropped their target price on Mercer International from $1.50 to $1.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Finally, Wall Street Zen raised Mercer International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th.

Institutional Trading of Mercer International

A number of hedge funds have recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in shares of Mercer International during the second quarter worth $67,000. Squarepoint Ops LLC boosted its stake in shares of Mercer International by 773.9% in the second quarter. Squarepoint Ops LLC now owns 161,818 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 143,301 shares during the period. GSA Capital Partners LLP acquired a new stake in Mercer International during the 2nd quarter valued at $379,000. Atlas FRM LLC acquired a new stake in Mercer International during the 2nd quarter valued at $393,882. Finally, BlackRock Inc. purchased a new stake in Mercer International during the 2nd quarter worth $798,000. Hedge funds and other institutional investors own 85.79% of the company’s stock.

Mercer International Price Performance

Shares of NASDAQ:MERC opened at $0.20 on Tuesday. The firm has a market capitalization of $13.08 million, a PE ratio of -0.03 and a beta of 0.55. The business has a 50-day moving average of $0.39 and a two-hundred day moving average of $0.74. Mercer International has a 12 month low of $0.19 and a 12 month high of $2.85.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its quarterly earnings data on Thursday, August 6th. The basic materials company reported ($1.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.18). The firm had revenue of $460.28 million during the quarter, compared to analysts’ expectations of $476.00 million. Mercer International had a negative return on equity of 352.57% and a negative net margin of 27.86%. As a group, research analysts anticipate that Mercer International will post -3.19 earnings per share for the current year.

Mercer International Company Profile

Mercer International Inc is a global producer of market pulp, a key raw material used to manufacture tissue, printing and writing paper, specialty papers, and other fiber-based products. The company primarily produces northern bleached softwood kraft pulp and northern bleached hardwood kraft pulp, which it sells to customers in the paper, tissue, and specialty-products industries.

Mercer operates pulp mills in Germany and Canada, including facilities in Rosenthal and Stendal, Germany, and Celgar in British Columbia and Peace River in Alberta.