Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) CEO David M. Gandossi sold 12,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $12.79, for a total transaction of $153,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Mercer International Inc. (MERC) opened at $13.50 on Friday. Mercer International Inc. has a 1 year low of $10.45 and a 1 year high of $15.00. The stock has a market cap of $877.73, a price-to-earnings ratio of 10.89 and a beta of 1.52. The company has a debt-to-equity ratio of 1.40, a current ratio of 3.58 and a quick ratio of 2.44.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its earnings results on Thursday, February 15th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.24. Mercer International had a net margin of 6.03% and a return on equity of 18.20%. The company had revenue of $337.70 million during the quarter, compared to analyst estimates of $318.15 million. The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year.
Large investors have recently made changes to their positions in the stock. James Investment Research Inc. purchased a new position in Mercer International in the fourth quarter worth $1,991,000. Renaissance Group LLC grew its position in Mercer International by 10.5% in the third quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock worth $511,000 after acquiring an additional 4,087 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Mercer International by 9.3% in the second quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock worth $224,000 after acquiring an additional 1,654 shares in the last quarter. Geode Capital Management LLC grew its position in Mercer International by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 368,777 shares of the basic materials company’s stock worth $5,272,000 after acquiring an additional 6,282 shares in the last quarter. Finally, Thrivent Financial For Lutherans purchased a new position in Mercer International in the fourth quarter worth $963,000. Institutional investors own 79.28% of the company’s stock.
Several research analysts have recently weighed in on MERC shares. BidaskClub cut shares of Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Royal Bank of Canada upped their price target on shares of Mercer International from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Credit Suisse Group cut shares of Mercer International from an “outperform” rating to a “neutral” rating in a report on Thursday, October 26th. ValuEngine raised shares of Mercer International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, CSFB cut shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.19.
Mercer International Company Profile
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.
Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.