Mercury Systems Downgraded by Zacks to “Neutral” (MRCY)
Mercury Systems (NASDAQ:MRCY) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $13.50 price objective on the stock. Zacks‘s price target would indicate a potential upside of 15.38% from the company’s current price.
Separately, analysts at Jefferies Group raised their price target on shares of Mercury Systems from $9.00 to $11.20 in a research note on Wednesday, April 30th. They now have a “hold” rating on the stock.
Shares of Mercury Systems (NASDAQ:MRCY) traded up 3.17% on Tuesday, hitting $11.70. 222,973 shares of the company’s stock traded hands. Mercury Systems has a 52-week low of $8.42 and a 52-week high of $14.40. The stock’s 50-day moving average is $11.78 and its 200-day moving average is $11.8. The company’s market cap is $389.0 million.
Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, April 29th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.12) by $0.10. The company had revenue of $55.50 million for the quarter, compared to the consensus estimate of $54.77 million. During the same quarter last year, the company posted $0.03 earnings per share. Mercury Systems’s revenue was up 2.6% compared to the same quarter last year. Analysts expect that Mercury Systems will post $-0.17 EPS for the current fiscal year.
Mercury Systems, Inc, formerly Mercury Computer Systems, Inc, designs, manufactures and markets real-time digital signal and images processing sub-systems and software for specialized defense and commercial markets.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.