Mercury Systems Inc (NASDAQ:MRCY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Mercury Systems Inc. (NASDAQ:MRCY) has received an average recommendation of "Moderate Buy" from eight brokerages, with an average 12-month price target of $50.29.
• Recent price target increases include Truist Financial raising their target from $56.00 to $60.00 and JPMorgan Chase increasing theirs from $48.00 to $56.00.
• As of the last earnings report, Mercury Systems met consensus EPS estimates with reported revenue of $211.36 million, slightly above expectations of $204.25 million.

Shares of Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $50.2857.

A number of research analysts have recently issued reports on MRCY shares. Truist Financial raised their price objective on Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. raised their price target on Mercury Systems from $48.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Royal Bank Of Canada lifted their price target on Mercury Systems from $50.00 to $55.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 3rd. Finally, The Goldman Sachs Group increased their price objective on Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a research note on Monday, May 12th.

Mercury Systems Stock Down 0.6%

Shares of NASDAQ MRCY opened at $53.93 on Thursday. The stock has a market capitalization of $3.22 billion, a P/E ratio of -48.15, a PEG ratio of 2.54 and a beta of 0.72. Mercury Systems has a one year low of $32.32 and a one year high of $55.40. The firm's 50 day simple moving average is $51.66 and its two-hundred day simple moving average is $47.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.44 and a quick ratio of 2.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $211.36 million for the quarter, compared to analyst estimates of $204.25 million. Mercury Systems had a negative net margin of 7.33% and a negative return on equity of 0.77%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) EPS. As a group, analysts expect that Mercury Systems will post -0.08 EPS for the current fiscal year.

Insider Activity

In related news, EVP Steven Ratner sold 1,839 shares of Mercury Systems stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $53.48, for a total transaction of $98,349.72. Following the sale, the executive vice president directly owned 35,174 shares in the company, valued at $1,881,105.52. The trade was a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Institutional Trading of Mercury Systems

Hedge funds have recently modified their holdings of the business. Quaker Wealth Management LLC increased its position in Mercury Systems by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company's stock valued at $35,000 after buying an additional 1,288 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Mercury Systems in the fourth quarter worth $33,000. GAMMA Investing LLC increased its holdings in shares of Mercury Systems by 59.6% during the first quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock valued at $46,000 after acquiring an additional 395 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Mercury Systems during the second quarter valued at $59,000. Finally, Fifth Third Bancorp raised its position in shares of Mercury Systems by 53.8% in the 1st quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock worth $56,000 after purchasing an additional 451 shares during the last quarter. Institutional investors own 95.99% of the company's stock.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.

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