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 highest price target was 49, implying a possible profit of -10.68 percent. The most pessimistic price target was 49, implying potential capital losses of -10.68 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. Over the past 30 days, FY earnings estimates have also changed downwards by -2.34 percent. If we look at the last 90 days instead, we find a net average change of -24.48 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of MCY's earnings is estimated by analysts to be 31.35 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. MCY has a PEG ratio of 1.26.
In the last 52-weeks, MCY has achieved a high of 64.52 and a low of 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 will post this quarters earnings in days, on 0000-00-00.