RBC Capital Sticks to Their Buy Rating for Mercer International (MERC)

In a report issued on July 18, Paul Quinn from RBC Capital maintained a Buy rating on Mercer International (MERCResearch Report), with a price target of $17.00. The company’s shares closed last Wednesday at $15.73.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 21.8% and a 59.8% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, GreenFirst Forest Products, and International Paper Co.

Currently, the analyst consensus on Mercer International is a Moderate Buy with an average price target of $17.00, which is a 17.0% upside from current levels. In a report issued on July 6, Credit Suisse also upgraded the stock to Buy with a $19.00 price target.

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Based on Mercer International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $593 million and net profit of $88.9 million. In comparison, last year the company earned revenue of $413 million and had a net profit of $5.93 million.

Based on the recent corporate insider activity of 57 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.

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. is engaged in the manufacture and sale of pulp. It operates through Pulp and Wood Products segments. The Pulp segment consists of the manufacture, sales, and distribution of NBSK pulp, electricity, and other by-products at three pulp mills. The Wood Products segment involves in manufacture, sales, and distribution of lumber, electricity and other wood residuals at the Friesau Facility. The company was founded on July 1, 1968 and is headquartered in Vancouver, Canada.

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