RBC Capital Keeps Their Hold Rating on Mercer International (MERC)

RBC Capital analyst Matt McKellar maintained a Hold rating on Mercer International yesterday and set a price target of $2.00.

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According to TipRanks, McKellar is an analyst with an average return of -1.0% and a 35.71% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Interfor, Clearwater Paper, and Mercer International.

Currently, the analyst consensus on Mercer International is a Hold with an average price target of $2.00.

Based on Mercer International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $458.07 million and a GAAP net loss of $80.78 million. In comparison, last year the company earned a revenue of $502.14 million and had a GAAP net loss of $17.56 million

Based on the recent corporate insider activity of 13 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 1,014,540.00 shares for a total of $1,879,938.78.