Stock Rating Downgrade
The Value Trend Rating for Mercury General Corp (NYSE: MCY) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Mercury General Corp (NYSE: MCY) stock declined modestly by -1.2% on 8/9/24. The stock closed at $60.42. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Mercury General has a poor Appreciation Score of 24 but a very high Power Rating of 96, resulting in the High Neutral Value Trend Rating.
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