Recent exceptional positive changes in investment behavior have benefitted Mercury General Corp (NYSE: MCY): positive upside/downside volume developed, and its longer term price trend turned up.
Mercury General Corp (NYSE: MCY) has benefited from meaningful positive changes in fundamentals. Positive developments: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, and the stock’s power rating rose above 70. Negative development: significant quarterly earnings deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MCY is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Mercury General has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Mercury General has a poor Appreciation Score of 22 but a very high Power Rating of 87, and the Neutral Value Trend Rating results.
Recent Price Action
Mercury General Corp (NYSE: MCY) stock enjoyed a large increase of 4.5% on 12/1/23. The stock closed at $38.94. Moreover, this advance was accompanied by unusually high trading volume at 162% of normal. The stock has been strong relative to the market over the last nine months and has risen 6.4% during the last week.
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