Mercury Systems, Inc. (NASDAQ:MRCY) Receives $42.14 Average Price Target from Analysts

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $42.14.

MRCY has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Thursday, January 16th. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and upped their target price for the company from $30.00 to $42.00 in a research report on Monday, November 11th. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price target on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th.

Mercury Systems Trading Down 2.6 %

Mercury Systems stock opened at $44.45 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 3.62. The stock has a 50-day simple moving average of $42.12 and a 200 day simple moving average of $38.95. The stock has a market capitalization of $2.65 billion, a P/E ratio of -28.49 and a beta of 0.79. Mercury Systems has a 52 week low of $26.48 and a 52 week high of $52.25.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. Analysts expect that Mercury Systems will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Mercury Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its position in shares of Mercury Systems by 40.0% during the 3rd quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock valued at $3,458,000 after acquiring an additional 26,718 shares during the period. FMR LLC lifted its position in Mercury Systems by 46.5% during the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after purchasing an additional 974 shares during the period. PEAK6 Investments LLC bought a new stake in Mercury Systems during the third quarter worth about $686,000. Stifel Financial Corp acquired a new stake in Mercury Systems during the third quarter worth about $246,000. Finally, Barclays PLC increased its holdings in Mercury Systems by 471.3% in the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after buying an additional 144,831 shares during the period. 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.