Mercer International (MERC) Hits New 1-Year High and Low at $15.80

Shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) reached a new 52-week high and low during trading on Wednesday . The company traded as low as $15.80 and last traded at $15.80, with a volume of 12264 shares. The stock had previously closed at $15.30.

A number of research firms recently commented on MERC. BidaskClub raised shares of Mercer International from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. ValuEngine raised shares of Mercer International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada boosted their price objective on shares of Mercer International to $17.00 and gave the stock an “outperform” rating in a report on Monday, May 7th. Finally, Credit Suisse Group raised shares of Mercer International from a “neutral” rating to an “outperform” rating in a report on Friday, May 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.92.

The firm has a market capitalization of $1.04 billion, a P/E ratio of 12.08 and a beta of 1.64. The company has a current ratio of 4.14, a quick ratio of 2.92 and a debt-to-equity ratio of 1.22.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its quarterly earnings data on Thursday, May 3rd. The basic materials company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $367.90 million for the quarter, compared to the consensus estimate of $358.50 million. Mercer International had a net margin of 6.68% and a return on equity of 16.63%. The business’s quarterly revenue was up 51.5% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Wednesday, June 27th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Tuesday, June 26th.

A number of hedge funds have recently added to or reduced their stakes in the stock. 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 buying an additional 12,885 shares in the last quarter. Thrivent Financial for Lutherans raised its position 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 acquiring 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 about $2,008,000. Thrivent Financial For Lutherans acquired a new position in Mercer International during the fourth quarter worth about $963,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Mercer International during the fourth quarter worth about $4,736,000. 76.25% of the stock is currently owned by hedge funds and other institutional investors.

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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