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.
A number of analysts gave price targets for MCY. The most optimistic price target was 49, which equates to a potential upside of -10.68 percent. The most pessimistic price target was 49, implying potential capital losses 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. 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.
Analysts estimate earnings of MCY to grow at a rate of 31.35 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. 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.
MCY has a 52-week high of 64.52 and a 52-week low of 50.32. Today's price is 9.02 percent above the 52-week low, and 14.97 percent below the high. MCY has a price/earnings 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.