Mercury Systems Inc (NASDAQ:MRCY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Mercury Systems Inc (NASDAQ:MRCY) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $59.1250.

Several research firms have commented on MRCY. 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 report on Thursday, July 3rd. JPMorgan Chase & Co. lifted their target price on Mercury Systems from $56.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday. Truist Financial lifted their target price on Mercury Systems from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday. Robert W. Baird lifted their target price on Mercury Systems from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Raymond James Financial upgraded Mercury Systems from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $55.00 to $80.00 in a research note on Tuesday.

Mercury Systems Price Performance

Shares of NASDAQ MRCY opened at $68.39 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.25 and a current ratio of 3.52. Mercury Systems has a fifty-two week low of $32.32 and a fifty-two week high of $69.95. The firm has a market capitalization of $4.10 billion, a PE ratio of -103.62, a price-to-earnings-growth ratio of 3.19 and a beta of 0.72. The stock’s 50-day simple moving average is $52.69 and its 200-day simple moving average is $48.17.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Monday, August 11th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.26. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%. The business had revenue of $273.11 million for the quarter, compared to analyst estimates of $244.56 million. During the same quarter last year, the company earned $0.23 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts forecast that Mercury Systems will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling

In other Mercury Systems news, EVP Steven Ratner sold 1,839 shares of the company’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $53.48, for a total transaction of $98,349.72. Following the completion of the sale, the executive vice president directly owned 35,174 shares in the company, valued at $1,881,105.52. This represents a 4.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

Several institutional investors and hedge funds have recently modified their holdings of MRCY. Conestoga Capital Advisors LLC boosted its holdings in Mercury Systems by 13.3% in the second quarter. Conestoga Capital Advisors LLC now owns 2,558,935 shares of the technology company’s stock valued at $137,824,000 after purchasing an additional 300,749 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mercury Systems by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company’s stock valued at $92,490,000 after purchasing an additional 52,725 shares during the last quarter. Millennium Management LLC boosted its holdings in Mercury Systems by 196.1% in the fourth quarter. Millennium Management LLC now owns 1,023,508 shares of the technology company’s stock valued at $42,987,000 after purchasing an additional 677,894 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in Mercury Systems by 321.7% in the second quarter. Loomis Sayles & Co. L P now owns 992,610 shares of the technology company’s stock valued at $53,462,000 after purchasing an additional 757,216 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Mercury Systems by 50.8% in the fourth quarter. First Trust Advisors LP now owns 988,936 shares of the technology company’s stock valued at $41,535,000 after purchasing an additional 333,109 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

About Mercury Systems

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.