Mercer International Inc Gets a Hold from RBC CapitalBy Jason Carr
In a report released yesterday, Paul Quinn from RBC Capital reiterated a Hold rating on Mercer International Inc (NASDAQ: MERC), with a price target of $12. The company’s shares closed yesterday at $11.50.
According to TipRanks.com, Quinn is a top 25 analyst with an average return of 22.1% and a 82.1% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Meadwestvaco Corp, and Clearwater Paper.
Mercer International Inc has an analyst consensus of Hold, with a price target consensus of $12.
Based on Mercer International Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $222 million and quarterly net profit of $18.49 million. In comparison, last year the company earned revenue of $254 million and had a net profit of $8.77 million.
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Mercer International, Inc. engages in the manufacture and sale of pulp. Its products include northern bleached softwood kraft pulp, kraft pulp, and market pulp. The company was founded on July 1, 1968 and is headquartered in Vancouver, Canada.