Stock Rating Upgrade
The Value Trend Rating for Mercury General Corp (NYSE: MCY) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Mercury General Corp (NYSE: MCY) stock closed at $54.29 on 5/1/24 after a large increase of 3.9%. Moreover, exceptionally high trading volume at 206% of normal accompanied the advance. The stock has declined -4.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
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). 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 26 but a very high Power Rating of 100, triggering the Positive Value Trend Rating.
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