Mercer International (MERC) Upgraded to Buy at TD Securities

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Mercer International (NASDAQ:MERC) (TSE:MRI.U) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Wednesday, The Fly reports.

Several other research firms have also recently weighed in on MERC. ValuEngine cut shares of Mercer International from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. BidaskClub upgraded shares of Mercer International from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. 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 upgraded shares of Mercer International from a “neutral” rating to an “outperform” rating in a report on Friday, May 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $15.92.

Mercer International stock opened at $16.10 on Wednesday. The company has a market capitalization of $1.07 billion, a PE ratio of 12.42 and a beta of 1.67. Mercer International has a twelve month low of $10.45 and a twelve month high of $17.60. The company has a quick ratio of 2.92, a current ratio of 4.14 and a debt-to-equity ratio of 1.22.

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

In related news, Director Eric Lauritzen sold 11,200 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $15.93, for a total transaction of $178,416.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MERC. Thrivent Financial For Lutherans acquired a new position in Mercer International during the fourth quarter worth $963,000. Bogle Investment Management L P DE acquired a new position in Mercer International during the fourth quarter worth $1,242,000. Thrivent Financial for Lutherans boosted its holdings 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 worth $1,268,000 after purchasing an additional 34,507 shares during the last quarter. Opus Capital Group LLC acquired a new position in Mercer International during the first quarter worth $2,008,000. Finally, Russell Investments Group Ltd. boosted its holdings 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 worth $4,335,000 after purchasing an additional 12,885 shares during the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

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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