Mercury Systems Inc (NASDAQ:MRCY) Stock Has Average Price Target of $112.80 According to Analysts

Shares of Mercury Systems Inc (NASDAQ:MRCY – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $112.80.

A number of brokerages have recently issued reports on MRCY. Zacks Research lowered Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Guggenheim initiated coverage on Mercury Systems in a report on Monday, September 14th. They issued a “buy” rating and a $115.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered Mercury Systems to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded Mercury Systems from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, September 28th. Finally, Jefferies Financial Group restated a “hold” rating and set a $115.00 price objective on shares of Mercury Systems in a report on Friday, July 10th.

Check Out Our Latest Report on MRCY

Mercury Systems Price Performance

Shares of MRCY stock opened at $78.52 on Tuesday. The company has a market capitalization of $4.78 billion, a PE ratio of -157.04 and a beta of 0.97. The firm has a fifty day simple moving average of $91.06 and a 200-day simple moving average of $94.68. The company has a current ratio of 2.96, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. Mercury Systems has a twelve month low of $65.04 and a twelve month high of $128.45.

Mercury Systems (NASDAQ:MRCY – Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%.The firm had revenue of $289.78 million for the quarter, compared to analysts’ expectations of $266.09 million. During the same period last year, the firm earned $0.47 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Mercury Systems will post 0.91 earnings per share for the current fiscal year.

Insider Activity at Mercury Systems

In related news, EVP Stuart Kupinsky sold 1,000 shares of Mercury Systems stock in a transaction on Monday, September 21st. The shares were sold at an average price of $86.52, for a total value of $86,520.00. Following the completion of the sale, the executive vice president owned 60,971 shares in the company, valued at approximately $5,275,210.92. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Steven Ratner sold 4,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $84.51, for a total transaction of $338,040.00. Following the completion of the sale, the executive vice president directly owned 19,275 shares in the company, valued at $1,628,930.25. This represents a 17.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 451,186 shares of company stock worth $41,857,170 over the last three months. 0.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

Several hedge funds and other institutional investors have recently modified their holdings of MRCY. BlackRock Inc. acquired a new stake in Mercury Systems during the second quarter valued at approximately $1,146,342,000. Deutsche Bank AG bought a new position in Mercury Systems during the 2nd quarter worth approximately $17,454,000. Rice Hall James & Associates LLC acquired a new position in shares of Mercury Systems in the 2nd quarter worth approximately $4,866,000. American Capital Management Inc. acquired a new position in shares of Mercury Systems in the 2nd quarter worth approximately $59,460,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Mercury Systems in the 1st quarter valued at approximately $1,706,000. Institutional investors own 95.99% of the company’s stock.

About Mercury Systems

(Get Free Report)

Mercury Systems, Inc is a technology company that develops and manufactures mission-critical solutions for the aerospace and defense industries. Its products are designed to help customers process, secure and manage data in demanding environments, including aircraft, unmanned systems, radar platforms and other defense applications.

The company’s portfolio includes embedded computing systems, high-performance processors, ruggedized servers, trusted computing products, radio-frequency and microwave components, sensor-processing technologies, avionics solutions and mission displays.

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Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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