Mercury Systems (MRCY) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Mercury Systems (NASDAQ: MRCY) in the last few weeks:

  • 6/21/2019 – Mercury Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mercury Systems, Inc. is a commercial provider of secure sensor and mission processing subsystems for defense and intelligence programs. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. “
  • 6/20/2019 – Mercury Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “Mercury Systems, Inc. is a commercial provider of secure sensor and mission processing subsystems for defense and intelligence programs. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. “
  • 6/11/2019 – Mercury Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mercury Systems, Inc. is a commercial provider of secure sensor and mission processing subsystems for defense and intelligence programs. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. “
  • 6/8/2019 – Mercury Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “Mercury Systems, Inc. is a commercial provider of secure sensor and mission processing subsystems for defense and intelligence programs. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. “
  • 5/21/2019 – Mercury Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mercury Systems, Inc. is a commercial provider of secure sensor and mission processing subsystems for defense and intelligence programs. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. “
  • 5/14/2019 – Mercury Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “Mercury Systems, Inc. is a commercial provider of secure sensor and mission processing subsystems for defense and intelligence programs. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. “
  • 5/10/2019 – Mercury Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mercury Systems, Inc. is a commercial provider of secure sensor and mission processing subsystems for defense and intelligence programs. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. “
  • 5/4/2019 – Mercury Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock. According to Zacks, “Mercury Systems, Inc. is a commercial provider of secure sensor and mission processing subsystems for defense and intelligence programs. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. “
  • 5/1/2019 – Mercury Systems was upgraded by analysts at Alembic Global Advisors from a “neutral” rating to an “overweight” rating.

Shares of MRCY opened at $66.77 on Wednesday. The company has a 50-day moving average price of $70.01. Mercury Systems Inc has a one year low of $36.97 and a one year high of $79.83. The company has a market cap of $3.70 billion, a P/E ratio of 59.09, a PEG ratio of 3.97 and a beta of 1.16. The company has a current ratio of 4.53, a quick ratio of 3.13 and a debt-to-equity ratio of 0.34.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Mercury Systems had a net margin of 6.99% and a return on equity of 9.24%. The company had revenue of $174.60 million during the quarter, compared to the consensus estimate of $165.61 million. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 50.1% on a year-over-year basis. As a group, analysts expect that Mercury Systems Inc will post 1.52 earnings per share for the current year.

In related news, insider Mark Aslett sold 10,000 shares of Mercury Systems stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $74.03, for a total transaction of $740,300.00. Following the completion of the sale, the insider now owns 357,440 shares of the company’s stock, valued at approximately $26,461,283.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 40,000 shares of company stock valued at $2,764,500 in the last ninety days. 2.80% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in MRCY. Flagship Harbor Advisors LLC bought a new stake in shares of Mercury Systems during the 1st quarter worth about $44,000. Advisors Preferred LLC bought a new stake in shares of Mercury Systems during the 1st quarter worth about $106,000. NumerixS Investment Technologies Inc bought a new stake in shares of Mercury Systems during the 1st quarter worth about $128,000. Bank of Montreal Can boosted its holdings in shares of Mercury Systems by 27.8% during the 4th quarter. Bank of Montreal Can now owns 3,181 shares of the technology company’s stock worth $150,000 after buying an additional 691 shares during the period. Finally, Stephens Inc. AR boosted its holdings in shares of Mercury Systems by 26.6% during the 4th quarter. Stephens Inc. AR now owns 3,388 shares of the technology company’s stock worth $160,000 after buying an additional 711 shares during the period. 84.31% of the stock is owned by institutional investors and hedge funds.

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.

Featured Article: What is the market perform rating?

Receive News & Ratings for Mercury Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.