Shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.13.

A number of research analysts have weighed in on MERC shares. TD Securities raised Mercer International from a “hold” rating to a “buy” rating and increased their target price for the company from $15.00 to $20.00 in a report on Wednesday, June 20th. Royal Bank of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Mercer International in a report on Thursday, July 19th. BidaskClub raised Mercer International from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. ValuEngine downgraded Mercer International from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Finally, Raymond James increased their target price on Mercer International from $19.00 to $19.50 and gave the company an “outperform” rating in a report on Friday, July 27th.

In other Mercer International news, Director James Shepherd sold 4,800 shares of the company’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $17.75, for a total value of $85,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. United Services Automobile Association increased its position in Mercer International by 35.8% in the second quarter. United Services Automobile Association now owns 16,180 shares of the basic materials company’s stock worth $283,000 after buying an additional 4,266 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Mercer International in the second quarter worth about $319,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Mercer International by 377.8% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,500 shares of the basic materials company’s stock worth $376,000 after purchasing an additional 17,000 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of 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 in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Mercer International by 7.3% during the second quarter. Public Employees Retirement System of Ohio now owns 132,529 shares of the basic materials company’s stock worth $2,319,000 after purchasing an additional 9,039 shares in the last quarter. Institutional investors and hedge funds own 74.73% of the company’s stock.

MERC stock traded up $0.25 during trading on Friday, reaching $16.60. The stock had a trading volume of 8,514 shares, compared to its average volume of 177,945. Mercer International has a 52 week low of $10.50 and a 52 week high of $18.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.51 and a current ratio of 3.51. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 10.28 and a beta of 1.64.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its earnings results on Thursday, July 26th. The basic materials company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). Mercer International had a net margin of 7.75% and a return on equity of 19.39%. The firm had revenue of $346.50 million during the quarter, compared to the consensus estimate of $357.65 million. Mercer International’s revenue for the quarter was down 5.8% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Wednesday, September 26th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, September 25th.

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.

Further Reading: How Buying a Call Option Works

Analyst Recommendations for Mercer International (NASDAQ:MERC)

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.