In yesterday’s Wall Street session, Mercer International Inc. (NASDAQ:MERC) shares traded at $14.05, up 0.93% from the previous session.
5 analysts cover Mercer International Inc. (NASDAQ:MERC), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $16.00, we find $17.00. Given the previous closing price of $13.92, this indicates a potential upside of 22.13 percent. MERC stock price is now 4.41% away from the 50-day moving average and -2.21% away from the 200-day moving average. The market capitalization of the company currently stands at $936.57M.
The stock has received a hold rating from 1 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $18.40 as their price target over the next twelve months.
With the price target enhanced from $18.50 to $19, Credit Suisse Upgraded its rating from Neutral to Outperform for Mercer International Inc. (NASDAQ: MERC). On January 31, 2022, RBC Capital Mkts Upgraded its previous ‘Underperform’ rating to ‘Outperform’ on the stock increasing its target price from $8 to quote $15, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, Rettig Rainer, Director sold 12,000 shares of the company’s stock on Aug 26. The stock was sold for $196,024 at an average price of $16.34. Upon completion of the transaction, the Director now directly owns 10,893 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, Director Purchase Keith sold 10,000 shares of the business’s stock. A total of $170,100 was realized by selling the stock at an average price of $17.01. This leaves the insider owning 67,393 shares of the company worth $0.95 million. Insiders disposed of 52,807 shares of company stock worth roughly $0.74 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MERC stock. A new stake in Mercer International Inc. shares was purchased by WASATCH ADVISORS INC during the first quarter worth $20,961,000. PACER ADVISORS, INC. invested $7,314,000 in shares of MERC during the first quarter. In the first quarter, AMUNDI acquired a new stake in Mercer International Inc. valued at approximately $3,948,000. ATLAS FRM LLC acquired a new stake in MERC for approximately $2,810,000. RAYMOND JAMES & ASSOCIATES purchased a new stake in MERC valued at around $2,235,000 in the second quarter. In total, there are 212 active investors with 55.60% ownership of the company’s stock.
On Wednesday morning Mercer International Inc. (NASDAQ: MERC) stock kicked off with the opening price of $13.83. During the past 12 months, Mercer International Inc. has had a low of $10.62 and a high of $17.50. As of last week, the company has a debt-to-equity ratio of 1.87, a current ratio of 3.40, and a quick ratio of 2.20. The fifty day moving average price for MERC is $13.46 and a two-hundred day moving average price translates $14.37 for the stock.
The latest earnings results from Mercer International Inc. (NASDAQ: MERC) was released for Sep, 2022. According to the Paper & Paper Products Company, earnings per share came in at $0.32, missing analysts’ expectations of $0.45 by -0.13. This compares to $1.04 EPS in the same period last year. The net profit margin was 13.60% and return on equity was 41.10% for MERC. The company reported revenue of $532.81 million for the quarter, compared to $469.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.43 percent. For the current quarter, analysts expect MERC to generate $453.05M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/29/2022. Investors who held shares on 12/21/2022 were paid a $0.075 dividend. On an annualized basis, this represents a $0.30 dividend and a 2.14% percent yield. There was an ex-dividend date of 12/20/2022 for this dividend. In terms of dividend payout ratio, MERC is presently at 6.60%.
Mercer International Inc.(MERC) Company Profile
Mercer International Inc., together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. The company operates through two segments, Pulp and Wood Products. It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities. In addition, the company manufactures, distributes, and sells lumber and other wood residuals. Further, it produces NBSK pulp primarily from wood chips, pulp logs, and sawlogs; 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. The company sells its pulp to tissue, specialty paper, and printing and writing paper, and other manufacturers; and lumber products to distributors, construction firms, secondary manufacturers, retail yards, and home centers. Mercer International Inc. was founded in 1968 and is headquartered in Vancouver, Canada.