Mercer International Inc Receives a New Rating from Top Analyst

By Jason Carr

In a report released today, 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 opened today at $11.25.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 17.9% and a 74.0% 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 March 31, the company posted quarterly revenue of $243 million and quarterly net profit of $9.73 million. In comparison, last year the company earned revenue of $254 million and had a net profit of $8.77 million.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MERC in relation to earlier this year. Earlier this month, Peter R. Kellogg, a Major Shareholder at MERC bought 290 shares for a total of $3,234.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.