RBC Capital Reaffirms Their Hold Rating on Mercer International (MERC)
In a report released today, Matt McKellar from RBC Capital maintained a Hold rating on Mercer International, with a price target of $1.25.
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According to TipRanks, McKellar is a 3-star analyst with an average return of 3.5% and a 40.84% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Mercer International, Clearwater Paper, and Rayonier Advanced Materials.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Mercer International with a $1.58 average price target.
Based on Mercer International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $449.5 million and a GAAP net loss of $308.7 million. In comparison, last year the company earned a revenue of $488.41 million and had a net profit of $16.71 million
Based on the recent corporate insider activity of 15 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. Last month, Peter R. Kellogg, a Major Shareholder at MERC bought 70,000.00 shares for a total of $236,600.00.
