Investment Analysts’ Weekly Ratings Updates for Mercury Systems (MRCY)

A number of research firms have changed their ratings and price targets for Mercury Systems (NASDAQ: MRCY):

  • 1/25/2018 – Mercury Systems had its “hold” rating reaffirmed by analysts at Noble Financial.
  • 1/24/2018 – Mercury Systems had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a $61.00 price target on the stock.
  • 1/20/2018 – Mercury Systems was downgraded by analysts at Zacks Investment Research from a “strong-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. “
  • 1/19/2018 – Mercury Systems was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/11/2018 – Mercury Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $59.00 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. “
  • 1/9/2018 – Mercury Systems had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $61.00 price target on the stock.
  • 12/28/2017 – Mercury Systems was downgraded by analysts at Zacks Investment Research from a “strong-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. “
  • 12/27/2017 – Mercury Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/27/2017 – Mercury Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $60.00 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. “
  • 12/20/2017 – Mercury Systems was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/12/2017 – Mercury Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/2/2017 – 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. “

Shares of Mercury Systems Inc (MRCY) traded up $1.36 during midday trading on Monday, hitting $47.97. 124,700 shares of the company traded hands, compared to its average volume of 426,696. Mercury Systems Inc has a 12-month low of $33.20 and a 12-month high of $55.00. The firm has a market capitalization of $2,248.53, a PE ratio of 52.14, a price-to-earnings-growth ratio of 4.01 and a beta of 0.23.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The company had revenue of $117.90 million during the quarter, compared to analyst estimates of $114.89 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. sell-side analysts predict that Mercury Systems Inc will post 1.09 earnings per share for the current year.

In other Mercury Systems news, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $50.34, for a total transaction of $176,190.00. Following the completion of the transaction, the chief operating officer now directly owns 383,440 shares in the company, valued at approximately $19,302,369.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gerald M. Haines II sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $50.41, for a total transaction of $126,025.00. Following the transaction, the chief financial officer now owns 218,260 shares of the company’s stock, valued at $11,002,486.60. The disclosure for this sale can be found here. Insiders sold 61,000 shares of company stock valued at $3,111,729 in the last quarter. Company insiders own 3.50% of the company’s stock.

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

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