Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Mercury General Corp (NYSE: MCY) weakened during the last several trading days. MCY’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Mercury General Corp (NYSE: MCY) stock declined modestly by -1.1% on 9/27/24. The stock closed at $63.23. However, below average trading volume at 74% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.3% 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). 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 27 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.
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