The shares of MERC have been given a recommendation of ‘Buy’ for quite a few firms that have been researching the firm, according to reports from MarketBeat. Two of the analysts covering the firm have already given the stock with a rating of ‘hold’, while five of them have set up a rating for ‘buy’. One of the analysts has given it a rating of ‘strong buy’. The target price of this firm over a year has been set at $9.33 by the analysts.
The stocks of MERC have been the topic for quite a few analyst reports. Raymond James, one amongst them, has already raised the target price on the company from $10 to $11, along with giving the company a rating of ‘outperform’. TD Securities, too, have also upgraded the stocks of the company from a rating of ‘hold’ to a rating of ‘buy’ with the objective price set at $8. Zacks Investment Research went ahead and fixed the price objective of $7 on the stock. Also, they raised the recommendation on the shares of the stock from ‘hold’ to ‘buy’.
The Earnings of the Stock of MERC
The stock of MERC opened up on Tuesday at $9.54. The market cap of the stock has been set at $628.38 million, along with a beta of 1.81, and a PE ratio of -8.08. The debt-to-equity ratio of the company is 2.11, while the quick ratio is 2.81, and the current ratio is 4.16. The fifty-day moving average price for the company is $7.49, while that of 200-days is $7.70. The one year high of the stock is $13.44, and the one year low is $5.77.
The company brought out its earnings results on 3rd November, with them reporting an EPS of $0.11. They went up against the consensus estimate of $0.12. The revenue for the firm during this period was $333.20 when compared to the analyst’s expectations of $362.34.