Headlines about Mercer International (NASDAQ:MERC) (TSE:MRI.U) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mercer International earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 45.2442631411083 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Mercer International Inc. (MERC) CEO Sells $170,280.00 in Stock (americanbankingnews.com)
- Peter R. Kellogg Acquires 10,000 Shares of Mercer International Inc. (MERC) Stock (americanbankingnews.com)
- Mercer International appoints Adolf Koppensteiner as new COO (lesprom.com)
- Mercer issues rare public rebuke of former ally Bannon (nismagazine.com)
- Mercer International Inc. Announces Appointment of Chief Operating Officer (feeds.benzinga.com)
A number of equities research analysts have weighed in on MERC shares. BidaskClub raised Mercer International from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Credit Suisse Group lowered Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. Royal Bank of Canada boosted their price target on Mercer International from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. Finally, CSFB lowered Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Mercer International has a consensus rating of “Hold” and an average price target of $16.19.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.55%. This is a positive change from Mercer International’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, December 26th. Mercer International’s payout ratio is presently 69.44%.
In related news, CEO David M. Gandossi sold 12,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $14.19, for a total transaction of $170,280.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eric Lauritzen sold 8,500 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $14.21, for a total value of $120,785.00. The disclosure for this sale can be found here. Over the last three months, insiders bought 141,257 shares of company stock valued at $1,981,364 and sold 393,500 shares valued at $5,523,865. Insiders own 4.90% of the company’s stock.
About Mercer International
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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