Mercer International Inc (NASDAQ: MERC) stock closed at $9.84 on 1/12/24 after a major increase of 10.1%. Moreover, exceptionally high trading volume at 209% of normal accompanied the advance. The stock has risen 10.3% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, MERC is expected to be Value Creation neutral.
Mercer International has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Mercer International has a neutral Power Rating of 56 and a neutral Appreciation Score of 59, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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