Analysts Set Mercury Systems, Inc. (NASDAQ:MRCY) Price Target at $72.36

Mercury Systems, Inc. (NASDAQ:MRCY) has earned an average rating of “Hold” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $72.36.

MRCY has been the topic of several analyst reports. TheStreet downgraded Mercury Systems from a “b-” rating to a “c+” rating in a report on Monday, August 23rd. Zacks Investment Research cut Mercury Systems from a “hold” rating to a “strong sell” rating and set a $48.00 price target for the company. in a research note on Monday, August 9th. Jefferies Financial Group upgraded Mercury Systems to a “buy” rating and set a $75.00 price target for the company in a research note on Friday, September 10th. Truist cut Mercury Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $90.00 to $65.00 in a research note on Wednesday, August 4th. Finally, Bank of America cut Mercury Systems from a “buy” rating to an “underperform” rating and set a $56.00 price target for the company. in a research note on Friday, August 20th.

Mercury Systems stock opened at $45.70 on Friday. The company has a current ratio of 4.26, a quick ratio of 2.79 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $56.98 and its two-hundred day simple moving average is $64.40. Mercury Systems has a 12 month low of $45.13 and a 12 month high of $88.96. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 3.86 and a beta of 0.95.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 3rd. The technology company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.16. Mercury Systems had a return on equity of 7.72% and a net margin of 6.71%. The business had revenue of $250.84 million for the quarter, compared to the consensus estimate of $242.75 million. On average, equities research analysts predict that Mercury Systems will post 1.98 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Rafferty Asset Management LLC increased its position in Mercury Systems by 103.8% in the first quarter. Rafferty Asset Management LLC now owns 88,593 shares of the technology company’s stock worth $6,259,000 after buying an additional 45,117 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in Mercury Systems in the first quarter worth about $2,685,000. Eaton Vance Management increased its position in Mercury Systems by 21.6% in the first quarter. Eaton Vance Management now owns 691,707 shares of the technology company’s stock worth $48,869,000 after buying an additional 122,734 shares in the last quarter. WCM Investment Management LLC increased its position in Mercury Systems by 4.5% in the second quarter. WCM Investment Management LLC now owns 165,685 shares of the technology company’s stock worth $10,982,000 after buying an additional 7,069 shares in the last quarter. Finally, Swiss National Bank increased its position in Mercury Systems by 1.6% in the first quarter. Swiss National Bank now owns 128,000 shares of the technology company’s stock worth $9,043,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 92.60% of the company’s stock.

About Mercury Systems

Mercury Systems, Inc is a global commercial technology company, which serves the aerospace and defense industry. It offers products through the following categories: Components, Modules and Sub-Assemblies, and Integrated Subsystems. The Components category refers to technology elements performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly.

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Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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