Mercer International (MERC) Receiving Somewhat Favorable Press Coverage, Report Finds

News headlines about Mercer International (NASDAQ:MERC) (TSE:MRI.U) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mercer International earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 44.9483956222098 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

A number of research firms have recently issued reports on MERC. BidaskClub cut shares of Mercer International from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. ValuEngine upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Credit Suisse Group cut shares of Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. Royal Bank of Canada upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $12.00 to $15.00 in a research report on Wednesday, October 18th. Finally, CSFB cut shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Mercer International presently has an average rating of “Hold” and a consensus target price of $16.19.

Mercer International (MERC) traded up $0.55 during mid-day trading on Thursday, reaching $13.30. 191,900 shares of the company traded hands, compared to its average volume of 158,570. The company has a quick ratio of 2.44, a current ratio of 3.58 and a debt-to-equity ratio of 1.40. Mercer International has a 1 year low of $10.45 and a 1 year high of $15.00. The company has a market cap of $828.97, a PE ratio of 18.47 and a beta of 1.52.

In related news, major shareholder Peter R. Kellogg acquired 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average price of $13.50 per share, for a total transaction of $47,250.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David M. Gandossi sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $13.25, for a total transaction of $159,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 141,257 shares of company stock valued at $1,981,364 and sold 335,100 shares valued at $4,699,098. Insiders own 4.90% of the company’s stock.

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About Mercer International

Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.

Insider Buying and Selling by Quarter for Mercer International (NASDAQ:MERC)

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