TD Securities Issues Pessimistic Forecast for Mercer International (NASDAQ:MERC) Stock Price

Mercer International (NASDAQ:MERC - Get Free Report) TSE: MRI.U had its target price lowered by analysts at TD Securities from $5.50 to $4.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "hold" rating on the basic materials company's stock. TD Securities' target price suggests a potential upside of 10.04% from the company's previous close.

Several other equities analysts have also weighed in on the stock. CIBC cut their price objective on shares of Mercer International from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada dropped their target price on shares of Mercer International from $7.00 to $5.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Raymond James dropped their target price on Mercer International from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $5.00.

Mercer International Trading Down 7.0 %

NASDAQ MERC traded down $0.28 on Monday, hitting $3.64. 388,985 shares of the company were exchanged, compared to its average volume of 398,780. The firm has a market capitalization of $243.08 million, a P/E ratio of -2.86 and a beta of 1.08. Mercer International has a twelve month low of $3.62 and a twelve month high of $11.20. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.79 and a quick ratio of 2.39. The company's 50 day moving average price is $5.84 and its 200-day moving average price is $6.28.

Mercer International (NASDAQ:MERC - Get Free Report) TSE: MRI.U last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.33) earnings per share for the quarter. The firm had revenue of $506.97 million for the quarter, compared to analyst estimates of $508.42 million. Mercer International had a negative return on equity of 5.18% and a negative net margin of 4.17%. Analysts predict that Mercer International will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mercer International

Several hedge funds and other institutional investors have recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Mercer International in the 4th quarter worth approximately $58,000. Entropy Technologies LP lifted its position in Mercer International by 56.0% during the fourth quarter. Entropy Technologies LP now owns 17,270 shares of the basic materials company's stock valued at $112,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Mercer International by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 525,532 shares of the basic materials company's stock worth $3,559,000 after buying an additional 8,957 shares during the period. 85.79% of the stock is owned by institutional investors.

About Mercer International

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.

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