Sell Rating Maintained For Mercury General Corporation (MCY)
By Benzinga Staff
March 17, 2010 2:45 PM
March 17, 2010 2:45 PM
Analysts at Stifel Nicolaus have maintained their Sell rating for Mercury General Corporation (NYSE: MCY).
Analysts believe that the threat of a reserve charge hampering operating EPS at the company next year is not minimal. Analysts estimate that the overall carried reserves of $967 million occupy the 38th percentile of the range of reasonable reserves and expect total reserve shortfall of about $25 million at the company.
Analysts estimate EPS of $2.85 in 2010 and $3.10 in 2011 for Mecury General Corporation.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
