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.
Many analysts weighed in on price targets for MCY. The most optimistic analyst gave a price target of 49, implying a possible profit of -10.68 percent. The most pessimistic analyst gave a price target of 49, which equates to a potential downside of -10.68 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -8.18 percent. The average change in earnings estimates over the last 90 days is -3.97 percent. 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.
MCY has an estimated earnings growth rate of 31.35 percent as forecasted by analysts. Another measure frequently examined by investors is the 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. MCY has a PEG ratio of 1.26.
In the trailing 52-weeks, MCY hit 64.52 at the highest peak, while it's lowest trading point was 50.32. Today's price is 9.02 percent above the 52-week low, and 14.97 percent below the high. 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.