Mercer International (NASDAQ: MERC) was downgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a report issued on Monday.
Separately, analysts at Raymond James (NYSE: RJF) upgraded shares of Mercer International from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, December 19th. They now have a $8.00 price target on the stock. Also, analysts at Zacks Investment Research downgraded shares of Mercer International from a “neutral” rating to an “underperform” rating in a research note to investors on Saturday, November 12nd.
Mercer International Inc. (Mercer) is a producer of market northern bleached softwood kraft (NBSK), pulp in the world. The Company operates in the pulp business. It is a kraft pulp producer, and producer of pulp for resale, known as market pulp, in Germany. The Company’s operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills with an annual production capacity of approximately 1.5 million air-dried metric tons (ADMts). Its wholly owned subsidiary, Rosenthal, owns and operates Rosenthal mill, which is a NBSK pulp mill that has an annual production capacity of approximately 330,000 ADMTs. Its 74.9% owned subsidiary, Stendal, owns and operates Stendal mill, which is a single-line NBSK pulp mill that has an annual production capacity of approximately 645,000 ADMTs. Its wholly owned subsidiary, Celgar, owns and operates the Celgar mill, a NBSK pulp mill with an annual production capacity of approximately 500,000 ADMTs.
Mercer International traded down 3.60% on Monday, hitting $7.625. Mercer International has a 52-week low of $5.30 and a 52-week high of $15.27. The stock has a 50-day moving average of $6.35 and a 200-day moving average of $7.53. The company has a market cap of $423.5 million and a price-to-earnings ratio of 3.95.