BidaskClub cut shares of Mercury Systems (NASDAQ:MRCY) from a strong-buy rating to a buy rating in a research note published on Saturday.

Several other research firms have also recently weighed in on MRCY. Canaccord Genuity assumed coverage on shares of Mercury Systems in a report on Thursday, October 4th. They set a buy rating and a $64.00 price objective for the company. ValuEngine raised shares of Mercury Systems from a hold rating to a buy rating in a report on Thursday, August 30th. Zacks Investment Research raised shares of Mercury Systems from a hold rating to a buy rating and set a $54.00 price objective for the company in a report on Tuesday, November 6th. Finally, Drexel Hamilton set a $58.00 price objective on shares of Mercury Systems and gave the company a buy rating in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Mercury Systems currently has an average rating of Buy and an average target price of $53.86.

MRCY opened at $41.61 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.40 and a quick ratio of 2.94. Mercury Systems has a twelve month low of $30.11 and a twelve month high of $57.26. The company has a market cap of $2.11 billion, a PE ratio of 36.82, a P/E/G ratio of 2.68 and a beta of 0.80.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Mercury Systems had a net margin of 5.72% and a return on equity of 6.97%. The firm had revenue of $144.10 million during the quarter, compared to analysts’ expectations of $139.12 million. During the same period in the previous year, the company earned $0.37 earnings per share. The firm’s quarterly revenue was up 35.8% on a year-over-year basis. As a group, research analysts predict that Mercury Systems will post 1.41 EPS for the current fiscal year.

In related news, insider Mark Aslett sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $55.11, for a total transaction of $259,017.00. Following the completion of the sale, the insider now directly owns 414,195 shares in the company, valued at $22,826,286.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 34,700 shares of company stock valued at $1,673,917 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc grew its position in Mercury Systems by 2.5% during the third quarter. Vanguard Group Inc now owns 4,640,926 shares of the technology company’s stock valued at $256,735,000 after buying an additional 114,329 shares during the period. Vanguard Group Inc. boosted its position in shares of Mercury Systems by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,640,926 shares of the technology company’s stock worth $256,735,000 after purchasing an additional 114,329 shares during the period. Legal & General Group Plc boosted its position in shares of Mercury Systems by 7.8% in the third quarter. Legal & General Group Plc now owns 112,140 shares of the technology company’s stock worth $6,196,000 after purchasing an additional 8,068 shares during the period. Teachers Advisors LLC boosted its position in shares of Mercury Systems by 2.8% in the third quarter. Teachers Advisors LLC now owns 105,785 shares of the technology company’s stock worth $5,852,000 after purchasing an additional 2,882 shares during the period. Finally, Equitable Trust Co. bought a new position in shares of Mercury Systems in the third quarter worth approximately $387,000. Institutional investors 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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