Mercury General Corp (NYSE: MCY) has reported E.P.S. of $4.17 for its third fiscal quarter (ending September 30) versus $-0.15 for the same period a year ago — a decline of -2880%. For the latest four quarters through September 30, E.P.S. were $10.09 compared to $-1.84 a year ago — a decline of -648%.
Recent Price Action
On 10/29/24, Mercury General Corp (NYSE: MCY) stock rose modestly by 0.8%, closing at $68.41. However, this advance was accompanied by below average trading volume at 79% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.0% 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 27 but a very high Power Rating of 91, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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