Analysts Set Mercury Systems Inc (MRCY) PT at $51.33

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Mercury Systems Inc (NASDAQ:MRCY) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $52.00.

MRCY has been the subject of a number of research reports. Bank of America downgraded Mercury Systems from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $50.00 to $35.00 in a research report on Wednesday, April 25th. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, April 26th. ValuEngine downgraded Mercury Systems from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $44.00 price objective on shares of Mercury Systems in a research report on Thursday, April 26th.

In related news, CFO Michael Ruppert bought 3,100 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was acquired at an average price of $32.66 per share, for a total transaction of $101,246.00. Following the transaction, the chief financial officer now directly owns 120,346 shares of the company’s stock, valued at $3,930,500.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $48.01, for a total value of $168,035.00. Following the transaction, the chief operating officer now owns 348,440 shares of the company’s stock, valued at approximately $16,728,604.40. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC lifted its position in shares of Mercury Systems by 18.9% during the 4th quarter. Flinton Capital Management LLC now owns 7,684 shares of the technology company’s stock worth $395,000 after buying an additional 1,224 shares during the period. Teachers Advisors LLC increased its holdings in Mercury Systems by 1.6% during the 4th quarter. Teachers Advisors LLC now owns 86,321 shares of the technology company’s stock valued at $4,433,000 after purchasing an additional 1,332 shares in the last quarter. First Mercantile Trust Co. increased its holdings in Mercury Systems by 35.5% during the 1st quarter. First Mercantile Trust Co. now owns 5,721 shares of the technology company’s stock valued at $276,000 after purchasing an additional 1,498 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Mercury Systems by 16.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,697 shares of the technology company’s stock valued at $517,000 after purchasing an additional 1,529 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Mercury Systems by 1.5% during the 1st quarter. Rhumbline Advisers now owns 112,035 shares of the technology company’s stock valued at $5,414,000 after purchasing an additional 1,656 shares in the last quarter. Institutional investors and hedge funds own 96.39% of the company’s stock.

Shares of MRCY stock opened at $37.42 on Monday. The company has a quick ratio of 2.47, a current ratio of 3.95 and a debt-to-equity ratio of 0.26. Mercury Systems has a 12 month low of $30.11 and a 12 month high of $55.00. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 3.26 and a beta of 0.42.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, April 24th. The technology company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.05). Mercury Systems had a return on equity of 6.83% and a net margin of 8.68%. The firm had revenue of $116.30 million during the quarter, compared to the consensus estimate of $128.45 million. During the same quarter in the prior year, the business posted $0.29 EPS. Mercury Systems’s revenue was up 8.4% compared to the same quarter last year. equities research analysts forecast that Mercury Systems will post 1.11 EPS for the current year.

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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