Mercury General Corp (NYSE: MCY) has reported E.P.S. of $1.13 for its second fiscal quarter (ending June 30) versus $-0.75 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.77 versus $-3.47 for the same period a year ago.
Recent Price Action
On 7/30/24, Mercury General Corp (NYSE: MCY) stock rose modestly by 0.6%, closing at $58.84. Moreover, unusually high trading volume at 173% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
MCY is expected to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Mercury General has a current Value Trend Rating of B (Positive). 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 26 but a very high Power Rating of 99, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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