Shares of Mercury Systems Inc. (NASDAQ:MRCY) have been given an average recommendation of “Buy” by the eleven research firms that are covering the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $28.75.

A number of brokerages recently commented on MRCY. Noble Financial reaffirmed 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. Jefferies Group set a $27.00 price target on Mercury Systems and gave the stock a “hold” rating in a research note on Tuesday, November 8th. Zacks Investment Research lowered Mercury Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Robert W. Baird began coverage on Mercury Systems in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Bank of America Corp. began coverage on Mercury Systems in a research note on Friday, November 18th. They issued a “neutral” rating for the company.

In other news, Director James K. Bass sold 7,375 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $29.60, for a total transaction of $218,300.00. Following the completion of the transaction, the director now directly owns 57,413 shares in the company, valued at $1,699,424.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vincent Vitto sold 8,000 shares of the firm’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $24.27, for a total value of $194,160.00. Following the transaction, the director now owns 61,893 shares of the company’s stock, valued at $1,502,143.11. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. PineBridge Investments L.P. increased its position in shares of Mercury Systems by 30.9% in the second quarter. PineBridge Investments L.P. now owns 5,077 shares of the company’s stock valued at $126,000 after buying an additional 1,197 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Mercury Systems by 29.7% in the second quarter. Teacher Retirement System of Texas now owns 5,533 shares of the company’s stock valued at $138,000 after buying an additional 1,268 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Mercury Systems during the third quarter valued at approximately $146,000. Sei Investments Co. increased its stake in Mercury Systems by 36.6% in the second quarter. Sei Investments Co. now owns 5,966 shares of the company’s stock valued at $148,000 after buying an additional 1,599 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Mercury Systems during the second quarter valued at approximately $179,000. Hedge funds and other institutional investors own 93.12% of the company’s stock.

Mercury Systems (NASDAQ:MRCY) opened at 31.03 on Monday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 54.25 and a beta of 0.47. The company has a 50 day moving average of $26.97 and a 200-day moving average of $24.25. Mercury Systems has a one year low of $15.67 and a one year high of $32.49.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Mercury Systems had a return on equity of 6.43% and a net margin of 7.21%. The company earned $87.65 million during the quarter, compared to analyst estimates of $85.08 million. During the same quarter last year, the firm posted $0.19 earnings per share. The firm’s revenue was up 50.1% on a year-over-year basis. Equities research analysts predict that Mercury Systems will post $0.50 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Brokerages Set Mercury Systems Inc. (MRCY) PT at $28.75” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/24/brokerages-set-mercury-systems-inc-mrcy-pt-at-28-75.html.

About Mercury Systems

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. The Company’s technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

5 Day Chart for NASDAQ:MRCY

Receive News & Stock 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 stocks with our FREE daily email newsletter.