BidaskClub cut shares of Mercury Systems (NASDAQ:MRCY) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.

Several other research analysts have also issued reports on the stock. Canaccord Genuity assumed coverage on shares of Mercury Systems in a research note on Thursday, October 4th. They issued a buy rating and a $64.00 price target for the company. ValuEngine upgraded shares of Mercury Systems from a hold rating to a buy rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research lowered shares of Mercury Systems from a hold rating to a sell rating in a research note on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Mercury Systems has a consensus rating of Hold and a consensus price target of $53.14.

Shares of Mercury Systems stock opened at $46.38 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.63 and a quick ratio of 3.11. The stock has a market capitalization of $2.32 billion, a P/E ratio of 41.04, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52. Mercury Systems has a 1 year low of $30.11 and a 1 year high of $57.26.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, July 31st. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The company had revenue of $152.87 million during the quarter, compared to analyst estimates of $149.31 million. Mercury Systems had a net margin of 8.29% and a return on equity of 7.47%. Mercury Systems’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. Equities research analysts expect that Mercury Systems will post 1.36 earnings per share for the current fiscal year.

In other Mercury Systems news, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $54.23, for a total transaction of $189,805.00. Following the completion of the sale, the chief operating officer now directly owns 318,525 shares in the company, valued at approximately $17,273,610.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Didier M. C. Thibaud sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $48.00, for a total transaction of $1,344,000.00. Following the sale, the chief operating officer now owns 320,440 shares of the company’s stock, valued at $15,381,120. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,200 shares of company stock valued at $3,806,642. 2.80% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. BB&T Corp bought a new stake in Mercury Systems during the 3rd quarter valued at about $250,000. Fox Run Management L.L.C. bought a new stake in Mercury Systems during the 3rd quarter valued at about $226,000. Northern Trust Corp increased its stake in Mercury Systems by 1.9% during the 2nd quarter. Northern Trust Corp now owns 882,549 shares of the technology company’s stock valued at $33,589,000 after purchasing an additional 16,279 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Mercury Systems by 7.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,819,829 shares of the technology company’s stock valued at $69,263,000 after purchasing an additional 129,799 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Mercury Systems during the 2nd quarter valued at about $1,708,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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