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Monday, April 12, 2021

Most Brokerages Have Given MERC a Recommendation of ‘Buy’

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

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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.

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