Mercury Systems Inc. (MRCY) Receives $55.20 Consensus PT from Brokerages

Mercury Systems Inc. (NASDAQ:MRCY) has received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $55.20.

A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating and set a $61.00 price target on shares of Mercury Systems in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 28th. Bank of America lowered their price target on shares of Mercury Systems from $60.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, January 25th. Finally, BidaskClub lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th.

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In other Mercury Systems news, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $48.00, for a total transaction of $168,000.00. Following the completion of the transaction, the chief operating officer now directly owns 362,440 shares of the company’s stock, valued at approximately $17,397,120. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gerald M. Haines II sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $47.69, for a total transaction of $119,225.00. Following the transaction, the chief financial officer now directly owns 210,760 shares of the company’s stock, valued at $10,051,144.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,400 shares of company stock valued at $2,764,488. 3.50% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of MRCY. Ameriprise Financial Inc. lifted its position in shares of Mercury Systems by 3.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 365,083 shares of the technology company’s stock worth $18,941,000 after buying an additional 10,900 shares during the last quarter. American International Group Inc. lifted its position in shares of Mercury Systems by 5.7% in the 3rd quarter. American International Group Inc. now owns 37,265 shares of the technology company’s stock worth $1,933,000 after buying an additional 2,023 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Mercury Systems by 8.2% in the 3rd quarter. Legal & General Group Plc now owns 93,854 shares of the technology company’s stock worth $4,866,000 after buying an additional 7,122 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Mercury Systems by 12.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 221,521 shares of the technology company’s stock worth $11,493,000 after buying an additional 24,803 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Mercury Systems by 360.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 86,657 shares of the technology company’s stock worth $4,496,000 after buying an additional 67,821 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

MRCY traded down $1.34 during trading hours on Wednesday, reaching $44.67. 1,431,600 shares of the stock traded hands, compared to its average volume of 391,241. The firm has a market cap of $2,214.82, a price-to-earnings ratio of 47.02, a PEG ratio of 3.68 and a beta of 0.36. Mercury Systems has a fifty-two week low of $36.09 and a fifty-two week high of $55.00.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The firm had revenue of $117.90 million for the quarter, compared to analyst estimates of $114.89 million. Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. Mercury Systems’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. analysts forecast that Mercury Systems will post 1.09 earnings per share for the current year.

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About Mercury Systems

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.

Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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