Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Mercury General Corp (NYSE: MCY) improved during the last several trading days. MCY’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/1/24, Mercury General Corp (NYSE: MCY) stock declined slightly by -0.6%, closing at $48.42. However, trading volume in this decline was below average at 73% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.1% during the last week.
Current PriceTarget Research Rating
MCY’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a Value Builder.
Mercury General has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. 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 29 but a very high Power Rating of 100, with the Positive Value Trend Rating the result.
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