Fintel reports that on September 8, 2023, RBC Capital reiterated coverage of Mercer International (NASDAQ:MERC) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 3.32% Upside
As of August 31, 2023, the average one-year price target for Mercer International is 8.77. The forecasts range from a low of 8.08 to a high of $9.45. The average price target represents an increase of 3.32% from its latest reported closing price of 8.49.
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The projected annual revenue for Mercer International is 2,225MM, an increase of 2.61%. The projected annual non-GAAP EPS is 2.72.
What is the Fund Sentiment?
There are 274 funds or institutions reporting positions in Mercer International. This is a decrease of 30 owner(s) or 9.87% in the last quarter. Average portfolio weight of all funds dedicated to MERC is 0.24%, a decrease of 10.48%. Total shares owned by institutions increased in the last three months by 4.20% to 61,819K shares. 
The put/call ratio of MERC is 0.01, indicating a bullish outlook.
What are Other Shareholders Doing?
Iat Reinsurance Co holds 16,480K shares representing 24.79% ownership of the company. No change in the last quarter.
Gates Capital Management holds 3,647K shares representing 5.49% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Atlas FRM holds 3,150K shares representing 4.74% ownership of the company. In it's prior filing, the firm reported owning 2,200K shares, representing an increase of 30.16%. The firm increased its portfolio allocation in MERC by 13.50% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 2,856K shares representing 4.30% ownership of the company. In it's prior filing, the firm reported owning 2,923K shares, representing a decrease of 2.35%. The firm decreased its portfolio allocation in MERC by 21.88% over the last quarter.
Boundary Creek Advisors holds 2,340K shares representing 3.52% ownership of the company. In it's prior filing, the firm reported owning 718K shares, representing an increase of 69.34%. The firm increased its portfolio allocation in MERC by 350.28% over the last quarter.
Mercer International Background Information
(This description is provided by the company.)
At Mercer International Inc., there are exceptional people creating bioproducts for a more sustainable world. It's a diversified global producer of forest products, bioproducts, and green electricity with operations in Germany, Canada, and Australia with a consolidated annual production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
Additional reading:
- MERCER INTERNATIONAL INC. REPORTS SECOND QUARTER AND FIRST HALF 2023 RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.075 Selected Highlights
- Forward-looking Statements The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this presentation contains statements that are forward-looking, such as statement
- MERCER INTERNATIONAL INC. RECEIVES COURT SALES ORDER APPROVAL TO ACQUIRE STRUCTURLAM MASS TIMBER ASSETS
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