Robert W. Baird started coverage on shares of Mercury Systems Inc. (NASDAQ:MRCY) in a research report released on Wednesday morning. The brokerage issued an outperform rating and a $30.00 target price on the stock.
MRCY has been the subject of several other reports. Drexel Hamilton started coverage on shares of Mercury Systems in a research note on Thursday, August 25th. They set a buy rating for the company. Zacks Investment Research raised shares of Mercury Systems from a hold rating to a strong-buy rating and set a $28.00 target price for the company in a research note on Tuesday, July 5th. Citigroup Inc. started coverage on shares of Mercury Systems in a research note on Friday, June 10th. They set a buy rating and a $27.00 target price for the company. Jefferies Group reissued a hold rating and issued a $27.00 price objective (up from $22.00) on shares of Mercury Systems in a research note on Thursday, August 4th. Finally, Noble Financial reissued a hold rating on shares of Mercury Systems in a research note on Wednesday, August 3rd. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $27.50.
Shares of Mercury Systems (NASDAQ:MRCY) traded up 1.15% during trading on Wednesday, hitting $24.70. 18,292 shares of the stock traded hands. The firm’s 50-day moving average price is $23.35 and its 200-day moving average price is $22.65. Mercury Systems has a 12 month low of $15.67 and a 12 month high of $26.37. The stock has a market cap of $996.89 million, a PE ratio of 44.11 and a beta of 0.86.
Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, August 2nd. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.15. The company earned $85.40 million during the quarter, compared to analysts’ expectations of $69.51 million. Mercury Systems had a net margin of 7.31% and a return on equity of 6.47%. Mercury Systems’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share. Analysts anticipate that Mercury Systems will post $0.73 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust purchased a new stake in Mercury Systems during the second quarter valued at about $10,714,000. Swiss National Bank raised its stake in Mercury Systems by 15.0% in the second quarter. Swiss National Bank now owns 61,500 shares of the company’s stock valued at $1,529,000 after buying an additional 8,000 shares during the period. Aristotle Capital Boston LLC raised its stake in Mercury Systems by 3.3% in the second quarter. Aristotle Capital Boston LLC now owns 250,294 shares of the company’s stock valued at $6,222,000 after buying an additional 8,110 shares during the period. Prudential Financial Inc. raised its stake in Mercury Systems by 2.7% in the first quarter. Prudential Financial Inc. now owns 78,554 shares of the company’s stock valued at $1,595,000 after buying an additional 2,100 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Mercury Systems by 26.5% in the first quarter. Renaissance Technologies LLC now owns 955,635 shares of the company’s stock valued at $19,399,000 after buying an additional 200,190 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.
About Mercury Systems
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