Mercer International Inc. (NASDAQ:MERC) Stock Has Consensus Target Price of $1.13 According to Analysts

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) has received an average rating of “Strong Sell” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $1.02.

Several research firms recently commented on MERC. TD reduced their price objective on Mercer International from $0.40 to $0.15 and set a “sell” rating for the company in a research note on Monday, August 10th. Royal Bank Of Canada lowered their price objective on Mercer International from $0.75 to $0.20 and set a “sector perform” rating on the stock in a research note on Friday. Canadian Imperial Bank of Commerce reduced their price target on Mercer International from $1.50 to $1.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mercer International in a report on Monday, September 21st. Finally, Wall Street Zen upgraded Mercer International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th.

Mercer International Price Performance

NASDAQ:MERC opened at $0.19 on Tuesday. The firm has a market capitalization of $12.76 million, a price-to-earnings ratio of -0.02 and a beta of 0.55. The business has a 50 day simple moving average of $0.35 and a 200-day simple moving average of $0.70. Mercer International has a 1 year low of $0.16 and a 1 year high of $2.85.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported ($1.13) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.18). The business 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, analysts expect that Mercer International will post -3.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mercer International

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

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.