In a research note that was distributed to investors on Thursday by StockNews.com, the rating on Mercer International (NASDAQ: MERC) (TSE: MRI.U) was upgraded from a “hold” rating to a “buy” recommendation. Previously, the rating was a “hold.” Investors received the note after it was distributed.

In addition, reports from MERC have been made available to the public by various brokerages. In a research report made public on Tuesday, August 2, 2018, TD Securities increased their price target for Mercer International from $16.50 to $18.00. Additionally, the firm changed its recommendation for the company from “hold” to “buy.” On Tuesday, August 2, the Royal Bank of Canada issued a research note regarding Mercer International. In the note, they increased their price target on the company from $17.00 to $20.00 and gave the stock an “outperform” rating. Raymond James published a research note on Mercer International on July 25. In the note, they increased their price objective on the company from $20.00 to $24.00 and gave the stock an “outperform” rating. In a research note published on July 26, Credit Suisse Group raised their price target for Mercer International stock and upgraded the company’s rating from “outperform” to “outperform plus.” The company has been recommended to buy from a total of four different analysts, while one analyst has suggested that investors maintain their current position. The stock is given a consensus recommendation of “Moderate Buy,” and the average price target for the stock is set at $20.75, as shown by data provided by Bloomberg.
Thursday was the first day that MERC was traded, and the price was $14.03. The share price is currently at $928.32 million, and the price-to-earnings ratio is 3.07. The stock’s beta is 1.51, with a price-to-earnings ratio of 3.07. Within the last year, the price of Mercer International has ranged from a low of $9.51 to a high of $17.50. The current price is $9.51, which is lower than the highest price of $17.50. The company’s stock has been trading at an average price of $14.65 over the previous 50 days, while over the previous 200 days, it has been trading at $14.70. The ratio of the current too quick ratio is 2.99, while the ratio of the current too quick ratio is 4.27. The ratio of debt to equity is 1.66.

Mercer International (NASDAQ: MERC) (TSE: MRI.U) revealed the results of its most recent quarterly financial report on Thursday, July 28. The day marked the day that the company made the information public. The company that deals in basic materials announced that it made $1.07 per share for the most recent quarter, which is $0.01 higher than the estimate made by the market, which was $1.06 per share. The results of the company’s sales for the quarter came in at $572.33 million, a significant increase from the $484.73 million that analysts anticipated it would bring in. In their financial statements, Mercer International indicated that they had achieved a return on equity of 42.77 percent and a net margin of 14.11 percent. Compared to the revenue generated during the same quarter of the previous year, there was a 42.4% increase. In addition, the company reported earnings per share of $0.32 for the same period in the prior year’s financial statements. Most people who follow the stock market think that Mercer International will be able to make a profit of $4.06 per share this fiscal year.

On Friday, August 26, a corporate director named Rainer Rettig sold 12,000 shares of the company’s stock. This is just one of the latest developments relating to this topic. The price of one share of stock, which was determined to be equal to $16.34 on average, brought in a total of $196,080.00 when sold. After the completion of the transaction, the director now directly owns 10,893 company shares, which have a value of approximately 177,991.62 dollars. The transaction was disclosed to the public through a filing that was made with the SEC, which can be located on the website of the SEC. Rainer Rettig, a director of the company, sold 12,000 shares of the company’s stock on Friday, August 26. Another piece of Mercer International news disclosed this piece of information. The price of one share of stock, which was determined to be equal to $16.34 on average, brought in a total of $196,080.00 when sold. After the completion of the transaction, the director now directly owns 10,893 company shares, which have a value of approximately 177,991.62 dollars. If you follow this link, you will be taken to a file submitted to the SEC, which will provide you with additional information regarding the sale.
Additionally, on Tuesday, August 16, Director Keith Purchase sold 10,000 of the company’s shares, bringing his total sale to 20,000. It was determined that the price of 17.01 dollars per share was the weighted average price paid for the shares, which resulted in a total profit of 170,100 dollars when the shares were sold. After the acquisition, the director is the direct owner of 67,393 shares. The total value of these shares is $1,146,354.93, so the director’s holdings are worth a total of $1,146,354.93. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders own 4.30 percent of the total number of shares in the company.

During the most recent period, several significant investors made adjustments to the positions that they held in MERC. During the first quarter, Russell Investments Group Ltd. made its first investment in Mercer International for $152,000. This investment was made during the first quarter. During the first three months of 2018, Campbell & CO Investment Adviser LLC was able to amass an additional 56.7% of Mercer International stock, bringing the total percentage of that company’s stock ownership to 100%. Campbell & CO Investment Adviser LLC now owns 75,845 shares in the basic materials business. This is a result of the recent purchase of 27,458 additional company stock shares during the most recent quarter. The current value of these shares, when traded on the market, is $1,058,000. In addition, Rhumbline Advisers increased its holdings in Mercer International by 10.3% over the year’s first three months. Rhumbline Advisers now holds 65,407 shares of the basic materials company’s stock, which has a value of $912,000 following the purchase of an additional 6,111 shares during the most recent quarter. In addition, a brand new position at Mercer International with an annual salary of $155,000 was made available by Quantbot Technologies LP during the first three months of 2018. Finally, the New York State Teachers’ Retirement System increased the amount of Mercer International stock owned by 18.3 percent during the second quarter of the fiscal year. The New York State Teachers’ Retirement System has a total of 25,236 shares of the basic materials company’s stock after purchasing an additional 3,900 shares during the most recent quarter. The stock currently has an estimated value of $332,000. Currently, 73.66% of the company’s shares are held in ownership by hedge funds and other institutional investors.

The business of producing and distributing northern bleached softwood kraft (NBSK) pulp all over the world, including in Europe, the United States of America, Asia, and other locations, is one of the primary focuses of Mercer International Inc., the parent company of Mercer International Inc.’s subsidiaries. The company can be segmented into two groups: those dealing with pulp and those dealing with wood products. In addition, it has a biomass cogeneration power plant that lets it make good energy for the environment and sell it to independent utilities.

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