Shares of Mercury Systems Inc (NASDAQ:MRCY) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $72.50.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Tuesday, May 14th. BidaskClub lowered Mercury Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 9th. Canaccord Genuity restated a “buy” rating and set a $76.00 price objective (up previously from $64.00) on shares of Mercury Systems in a research report on Friday, April 26th. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating in a research report on Wednesday, May 1st. Finally, Drexel Hamilton restated a “buy” rating and set a $67.00 price objective on shares of Mercury Systems in a research report on Wednesday, January 30th.
Shares of Mercury Systems stock traded down $1.02 during trading on Thursday, reaching $72.94. 350,613 shares of the company’s stock were exchanged, compared to its average volume of 495,189. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.13 and a current ratio of 4.53. Mercury Systems has a 1-year low of $34.92 and a 1-year high of $79.83. The stock has a market capitalization of $3.53 billion, a P/E ratio of 64.55, a price-to-earnings-growth ratio of 4.17 and a beta of 1.10.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Mercury Systems had a return on equity of 9.24% and a net margin of 6.99%. The company had revenue of $174.60 million during the quarter, compared to analysts’ expectations of $165.61 million. During the same quarter in the previous year, the firm earned $0.30 EPS. Mercury Systems’s revenue was up 50.1% on a year-over-year basis. On average, research analysts forecast that Mercury Systems will post 1.52 earnings per share for the current year.
In related news, COO Didier M. C. Thibaud sold 39,736 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $60.22, for a total transaction of $2,392,901.92. Following the sale, the chief operating officer now owns 298,940 shares in the company, valued at approximately $18,002,166.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Aslett sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $62.58, for a total value of $312,900.00. Following the sale, the chief executive officer now owns 367,440 shares in the company, valued at approximately $22,994,395.20. The disclosure for this sale can be found here. Insiders have sold a total of 54,736 shares of company stock worth $3,446,102 in the last 90 days. 2.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC boosted its holdings in 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. Vanguard Group Inc. boosted its holdings in 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. State of Alaska Department of Revenue boosted its holdings in Mercury Systems by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 16,176 shares of the technology company’s stock worth $764,000 after purchasing an additional 300 shares during the period. Bank of Montreal Can boosted its holdings in Mercury Systems by 27.8% in the fourth quarter. Bank of Montreal Can now owns 3,181 shares of the technology company’s stock worth $150,000 after purchasing an additional 691 shares during the period. Finally, BB&T Corp boosted its holdings in Mercury Systems by 17.6% in the fourth quarter. BB&T Corp now owns 5,310 shares of the technology company’s stock worth $251,000 after purchasing an additional 795 shares during the period.
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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