Mercury General Corp. Reaches New 12-Month High at $49.12 (MCY)
Shares of Mercury General Corp. (NYSE:MCY) hit a new 52-week high during trading hours on Friday, AnalystRatingsNetwork.com reports. The company traded as high as $49.12 and last traded at $48.86, with a volume of 78,407 shares trading hands. The stock had previously closed at $48.26.
Separately, analysts at Zacks upgraded shares of Mercury General Corp. (NYSE:MCY) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $47.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $43.00.
Mercury General Corp. has a 1-year low of $36.03 and a 1-year high of $49.12. The stock’s 50-day moving average is $45.89 and its 200-day moving average is $43.82. The company has a market cap of $2.682 billion and a P/E ratio of 25.01.
Mercury General Corp. (NYSE:MCY) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $642.57 million for the quarter, compared to the consensus estimate of $713.40 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Mercury General Corp. will post $2.57 earnings per share for the current fiscal year.
Mercury General Corporation (NYSE:MCY) is an insurance holding company.
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