Mercer International Inc. (NASDAQ:MERC) posted its quarterly earnings results on Thursday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by $0.12.
Several analysts recently commented on MERC shares. Zacks Investment Research cut shares of Mercer International from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $15.00 price objective on shares of Mercer International in a research report on Sunday, June 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $13.75 price objective on shares of Mercer International in a research report on Sunday, May 1st. Standpoint Research initiated coverage on shares of Mercer International in a research report on Tuesday, April 26th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, TheStreet raised shares of Mercer International from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Mercer International presently has a consensus rating of “Buy” and an average price target of $12.96.
Mercer International (NASDAQ:MERC) traded down 0.49% during trading on Thursday, hitting $8.11. 141,570 shares of the stock were exchanged. Mercer International has a 1-year low of $5.95 and a 1-year high of $13.07. The stock has a market cap of $524.04 million and a price-to-earnings ratio of 7.40. The firm’s 50 day moving average price is $8.20 and its 200-day moving average price is $8.43.
Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.
