Mercury Systems Inc (NASDAQ:MRCY) Stock Has Average Price Target of $112.80

Shares of Mercury Systems Inc (NASDAQ:MRCY) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $112.80.

Several equities research analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $115.00 price target on shares of Mercury Systems in a report on Friday, July 10th. JPMorgan Chase & Co. upped their price objective on shares of Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Zacks Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Guggenheim assumed coverage on shares of Mercury Systems in a research report on Monday, September 14th. They issued a “buy” rating and a $115.00 price objective on the stock. Finally, Wall Street Zen cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th.

Mercury Systems Price Performance

NASDAQ:MRCY opened at $79.49 on Tuesday. Mercury Systems has a 12-month low of $65.04 and a 12-month high of $128.45. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of -158.98 and a beta of 0.97. The stock’s 50 day moving average price is $90.70 and its two-hundred day moving average price is $94.58. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $289.78 million for the quarter, compared to the consensus estimate of $266.09 million. Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, analysts anticipate that Mercury Systems will post 0.91 earnings per share for the current year.

Insider Activity at Mercury Systems

In related news, EVP Steven Ratner sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $84.51, for a total value of $338,040.00. Following the transaction, the executive vice president owned 19,275 shares in the company, valued at approximately $1,628,930.25. This represents a 17.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Farnsworth sold 6,612 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $97.67, for a total transaction of $645,794.04. Following the completion of the transaction, the executive vice president directly owned 117,967 shares in the company, valued at approximately $11,521,836.89. This represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 451,186 shares of company stock worth $41,857,170. 0.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

A number of institutional investors have recently made changes to their positions in MRCY. BlackRock Inc. acquired a new stake in Mercury Systems during the 2nd quarter worth approximately $1,146,342,000. Deutsche Bank AG bought a new stake in Mercury Systems in the 2nd quarter valued at $17,454,000. Rice Hall James & Associates LLC bought a new stake in Mercury Systems in the 2nd quarter valued at $4,866,000. American Capital Management Inc. bought a new stake in Mercury Systems in the 2nd quarter valued at $59,460,000. Finally, Louisiana State Employees Retirement System acquired a new position in Mercury Systems in the 1st quarter valued at $1,706,000. Institutional investors own 95.99% of the company’s stock.

About Mercury Systems

Mercury Systems, Inc is a technology company that develops and manufactures mission-critical solutions for the aerospace and defense industries. Its products are designed to help customers process, secure and manage data in demanding environments, including aircraft, unmanned systems, radar platforms and other defense applications.

The company’s portfolio includes embedded computing systems, high-performance processors, ruggedized servers, trusted computing products, radio-frequency and microwave components, sensor-processing technologies, avionics solutions and mission displays.