Weekly Investment Analysts’ Ratings Changes for Mercer International (MERC)

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Several brokerages have updated their recommendations and price targets on shares of Mercer International (NASDAQ: MERC) in the last few weeks:

  • 7/16/2019 – Mercer International was downgraded by analysts at Raymond James from a “strong-buy” rating to an “outperform” rating.
  • 7/13/2019 – Mercer International was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/12/2019 – Mercer International was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/5/2019 – Mercer International was downgraded by analysts at CIBC from a “sector outperform” rating to a “neutral” rating.
  • 7/2/2019 – Mercer International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mercer International Inc. owns and operates a diverse pulp and paper business in the southern German states of Saxony and Thuringia, in the former East Germany. The Company operates it’s pulp business primarily through its subsidiaries, Spezialpapierfabrik Blankenstein GmbH and Zellstof-und Papierfabrik Rosenthal GmbH & Co. KG , and conducts its paper business through another subsidiary, Dresden Papier GmbH. “
  • 6/22/2019 – Mercer International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mercer International Inc. owns and operates a diverse pulp and paper business in the southern German states of Saxony and Thuringia, in the former East Germany. The Company operates it’s pulp business primarily through its subsidiaries, Spezialpapierfabrik Blankenstein GmbH and Zellstof-und Papierfabrik Rosenthal GmbH & Co. KG , and conducts its paper business through another subsidiary, Dresden Papier GmbH. “
  • 6/13/2019 – Mercer International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mercer International Inc. owns and operates a diverse pulp and paper business in the southern German states of Saxony and Thuringia, in the former East Germany. The Company operates it’s pulp business primarily through its subsidiaries, Spezialpapierfabrik Blankenstein GmbH and Zellstof-und Papierfabrik Rosenthal GmbH & Co. KG , and conducts its paper business through another subsidiary, Dresden Papier GmbH. “
  • 6/7/2019 – Mercer International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Mercer International Inc. owns and operates a diverse pulp and paper business in the southern German states of Saxony and Thuringia, in the former East Germany. The Company operates it’s pulp business primarily through its subsidiaries, Spezialpapierfabrik Blankenstein GmbH and Zellstof-und Papierfabrik Rosenthal GmbH & Co. KG , and conducts its paper business through another subsidiary, Dresden Papier GmbH. “
  • 5/22/2019 – Mercer International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of NASDAQ MERC traded up $0.33 during mid-day trading on Friday, hitting $13.16. The company had a trading volume of 14,882 shares, compared to its average volume of 284,333. The company has a market cap of $851.49 million, a P/E ratio of 6.71 and a beta of 1.65. The company has a 50-day moving average price of $14.75. The company has a quick ratio of 2.65, a current ratio of 3.98 and a debt-to-equity ratio of 1.68. Mercer International Inc. has a one year low of $9.36 and a one year high of $19.14.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. Mercer International had a net margin of 9.82% and a return on equity of 26.76%. The company had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $476.87 million. During the same period in the prior year, the company posted $0.82 EPS. Mercer International’s revenue was up 31.6% compared to the same quarter last year. On average, sell-side analysts forecast that Mercer International Inc. will post 2.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, June 24th were paid a dividend of $0.1375 per share. This is an increase from Mercer International’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, June 21st. This represents a $0.55 dividend on an annualized basis and a yield of 4.18%. Mercer International’s dividend payout ratio is presently 28.06%.

Institutional investors have recently added to or reduced their stakes in the stock. Walthausen & Co. LLC lifted its holdings in Mercer International by 9.5% in the 4th quarter. Walthausen & Co. LLC now owns 895,199 shares of the basic materials company’s stock valued at $9,346,000 after purchasing an additional 77,950 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Mercer International by 9.5% in the 1st quarter. Systematic Financial Management LP now owns 313,700 shares of the basic materials company’s stock valued at $4,238,000 after buying an additional 27,288 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in shares of Mercer International in the 1st quarter valued at $1,891,000. Arizona State Retirement System bought a new stake in shares of Mercer International in the 1st quarter valued at $897,000. Finally, Rhumbline Advisers bought a new stake in shares of Mercer International in the 1st quarter valued at $881,000. 78.32% of the stock is currently owned by institutional investors.

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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