Mercer International (MERC) : 4 analysts are covering Mercer International (MERC) and their average rating on the stock is 2.25, which is read as a Buy. Mercer International (MERC) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Mercer International (MERC) : The consensus price target for Mercer International (MERC) is $11.5 for the short term with a standard deviation of $1.91. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $14, however, the pessimist price target for the company is $10.
Mercer International (NASDAQ:MERC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.93 and $7.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.07, notching a gain of 1.00% for the day. The total traded volume was 170,152 . The stock had closed at $7.99 on the previous day.
Also, Brokerage firm TD Securities downgrades its rating on Mercer International (NASDAQ:MERC). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 29, 2016. The company shares have dropped -38.44% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $13.68 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $8.53 and the 200 Day Moving Average price is recorded at $8.51.
Mercer International Inc. (Mercer) operates in the pulp industry. The Company produces bleached softwood kraft (NBSK) pulp. It also produces pulp for resale, known as market pulp, in Germany. The Company generates and sells green energy to regional utilities. Its operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills. The Companys wholly owned subsidiary, Rosenthal, owns and operates the Rosenthal mill, which has an annual production capacity of approximately 360,000 ADMTs and 57 MW of electrical generation. The Companys subsidiary, Stendal owns and operates the Stendal mill, which has an annual production capacity of approximately 660,000 ADMTs and 148 MW of electrical generation. The Companys wholly owned subsidiary, Celgar, owns and operates the Celgar mill, which is a NBSK pulp mill with an annual production capacity of approximately 520,000 ADMTs and 100 MW of electrical generation.