Stock To Watch: Mercury General Corporation (NYSE:MCY)


The leading market experts have placed a mean price target of $48.50 on Mercury General Corporation (NYSE:MCY) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.66 a share for the upcoming quarter and $2.04 for the current fiscal. Technical View The technical analysis of Mercury General Corporation Com plainly substantiates that the 50-day moving average of Mercury General Corporation Com is $52.22, and stock is hovering -1.35 or -2.58% distant from $52.22. It is noted that the 200-day MA is $50.82, and Mercury General Corporation Com stock is $0.05 or +0.10% off from this point. Mercury General Corporation (NYSE:MCY) 52-week high is $57.80 and the 52-week low is $42.97. This explains if the stock moves $-6.93, it will post a 52-week high. In event of $+18.38% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Mercury General Corporation Com, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Mercury General Corporation (NYSE:MCY) ratio came in at 39.19. The stock last ended the trading session at $50.87 and registered a market cap of $2.81B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Mercury General Corporation (NYSE:MCY) PEG ratio is at 3.15.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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