Analyst Ratings for Mercury General Corp. (MCY)Updated: 2017-07-26
An average rating of Hold has been given to Mercury General Corp. (NYSE:MCY) by analysts covering the stock. A consensus rating of Hold was previously issued for MCY last month.
Of the 3 analysts covering the stock, 0 gave it a buy rating, 0 issued an overweight rating, 2 issued a hold rating, 1 gave an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for MCY by the analysts covering the stock. The most optimistic analyst gave a price target of 49, which equates to a potential upside of -10.68 percent. The most pessimistic analyst gave a price target of 49, implying a possible loss of -10.68 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -8.18 percent. That number becomes -3.97 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -2.34 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -24.48 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
Analysts estimate earnings of MCY to grow at a rate of 31.35 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of MCY is 1.26.
In the trailing 52-weeks, MCY hit 64.52 at the highest peak, while it's lowest trading point was 50.32. The current market price is above the trailing year's low by 9.02 percent, and below the high by 14.97 percent. MCY has a P/E ratio of 39.47. Investors typically compare the P/E ratio to a company's peers in the industry. The MCY value stock report compares MCY to some of its peers using value stock charts. The stock has a market capitalization of $3.12 billion. MCY's next earnings release will be on 0000-00-00, which is days away.