Mercury Systems (MRCY) Stock Rating Upgraded by ValuEngine

Mercury Systems (NASDAQ:MRCY) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Canaccord Genuity initiated coverage on Mercury Systems in a report on Thursday, October 4th. They issued a “buy” rating and a $64.00 target price on the stock. BidaskClub downgraded Mercury Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 16th. Finally, Drexel Hamilton set a $58.00 price target on Mercury Systems and gave the company a “buy” rating in a report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Mercury Systems presently has a consensus rating of “Buy” and an average price target of $53.86.

Mercury Systems stock opened at $52.52 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.94 and a current ratio of 4.40. Mercury Systems has a 12 month low of $30.11 and a 12 month high of $57.26. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 46.48, a P/E/G ratio of 3.22 and a beta of 0.85.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, October 30th. The technology company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Mercury Systems had a return on equity of 6.97% and a net margin of 5.72%. The business had revenue of $144.10 million for the quarter, compared to the consensus estimate of $139.12 million. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 35.8% compared to the same quarter last year. On average, research analysts predict that Mercury Systems will post 1.41 EPS for the current year.

In other news, COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $49.66, for a total transaction of $173,810.00. Following the transaction, the chief operating officer now directly owns 331,669 shares of the company’s stock, valued at $16,470,682.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark Aslett sold 4,700 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $55.11, for a total value of $259,017.00. Following the transaction, the insider now directly owns 414,195 shares in the company, valued at $22,826,286.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,200 shares of company stock worth $2,920,742. Corporate insiders own 2.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Mercury Systems by 13.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,557 shares of the technology company’s stock valued at $639,000 after purchasing an additional 1,363 shares in the last quarter. Aperio Group LLC increased its position in Mercury Systems by 13.2% during the second quarter. Aperio Group LLC now owns 11,868 shares of the technology company’s stock valued at $452,000 after acquiring an additional 1,382 shares during the last quarter. MetLife Investment Advisors LLC increased its position in Mercury Systems by 7.9% during the second quarter. MetLife Investment Advisors LLC now owns 21,590 shares of the technology company’s stock valued at $822,000 after acquiring an additional 1,576 shares during the last quarter. Legal & General Group Plc increased its position in Mercury Systems by 2.3% during the first quarter. Legal & General Group Plc now owns 98,867 shares of the technology company’s stock valued at $4,740,000 after acquiring an additional 2,188 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Mercury Systems during the second quarter valued at $100,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

About Mercury Systems

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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Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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