According to Zacks, “Mercer International Inc. owns and operates a diverse pulp and paper business in the southern German states of Saxony and Thuringia, in the former East Germany. The Company operates it’s pulp business primarily through its subsidiaries, Spezialpapierfabrik Blankenstein GmbH and Zellstof-und Papierfabrik Rosenthal GmbH & Co. KG , and conducts its paper business through another subsidiary, Dresden Papier GmbH. “
Other equities research analysts also recently issued reports about the stock. Credit Suisse Group AG reiterated a buy rating and set a $15.00 price objective on shares of Mercer International in a research note on Sunday, June 5th. TheStreet downgraded shares of Mercer International from a buy rating to a hold rating in a research note on Wednesday, August 17th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Mercer International presently has a consensus rating of Buy and an average target price of $12.13.
Mercer International (NASDAQ:MERC) traded down 0.72% on Thursday, reaching $8.27. 18,081 shares of the company were exchanged. The firm has a market capitalization of $534.70 million, a PE ratio of 10.67 and a beta of 1.53. Mercer International has a 12-month low of $5.95 and a 12-month high of $11.68. The stock has a 50 day moving average of $8.41 and a 200 day moving average of $8.60.
Mercer International (NASDAQ:MERC) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.12. Mercer International had a return on equity of 12.44% and a net margin of 5.10%. Equities analysts anticipate that Mercer International will post $0.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Monday, September 26th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 5.52%. Mercer International’s dividend payout ratio (DPR) is presently 59.74%.
A number of hedge funds and other institutional investors have recently modified their holdings of MERC. Walthausen & Co. LLC raised its position in shares of Mercer International by 153.2% in the second quarter. Walthausen & Co. LLC now owns 386,148 shares of the company’s stock worth $3,081,000 after buying an additional 233,668 shares during the period. Toronto Dominion Bank raised its position in shares of Mercer International by 6.1% in the second quarter. Toronto Dominion Bank now owns 139,503 shares of the company’s stock worth $1,113,000 after buying an additional 7,959 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Mercer International by 3.9% in the second quarter. Parametric Portfolio Associates LLC now owns 20,971 shares of the company’s stock worth $167,000 after buying an additional 789 shares during the period. Keeley Asset Management Corp raised its position in shares of Mercer International by 53.7% in the second quarter. Keeley Asset Management Corp now owns 203,170 shares of the company’s stock worth $1,621,000 after buying an additional 70,970 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Mercer International by 546.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 15,643 shares of the company’s stock worth $125,000 after buying an additional 13,225 shares during the period. Institutional investors and hedge funds own 57.79% of the company’s stock.
Mercer International Company Profile
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.
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