Mercer International Inc. (MERC) was a big mover last session, as the company saw its shares rise by a little over 5% on the day. The company experienced a peak and a subsequent fall over the last month, and prices picked up again by around 5% since Nov 26.
This pulp and paper business firm has seen one negative revision in the past one month and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Mercer currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Better-ranked stocks in the same industry include Domtar Corporation (UFS), KapStone Paper and Packaging Corporation (KS) and Orchids Paper Products Company (TIS). All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment