Mercury Systems Inc (NASDAQ:MRCY) has received an average rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $51.20.

MRCY has been the subject of a number of analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and issued a $51.00 price objective on shares of Mercury Systems in a research note on Monday, October 2nd. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. Robert W. Baird reissued a “buy” rating and issued a $48.00 price objective on shares of Mercury Systems in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $45.00 price objective on shares of Mercury Systems in a research note on Wednesday, August 2nd.

TRADEMARK VIOLATION NOTICE: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/11/12/mercury-systems-inc-mrcy-given-consensus-recommendation-of-buy-by-analysts.html.

Shares of Mercury Systems (MRCY) traded down $0.55 during mid-day trading on Friday, reaching $48.96. 178,900 shares of the company’s stock were exchanged, compared to its average volume of 319,039. Mercury Systems has a twelve month low of $29.11 and a twelve month high of $54.49. The stock has a market capitalization of $2,361.88, a PE ratio of 52.65, a P/E/G ratio of 3.84 and a beta of 0.22.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.11. The firm had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. analysts predict that Mercury Systems will post 1.08 EPS for the current year.

In related news, CEO Mark Aslett sold 4,800 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $47.42, for a total transaction of $227,616.00. Following the completion of the transaction, the chief executive officer now directly owns 519,382 shares of the company’s stock, valued at $24,629,094.44. The transaction was disclosed in a 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 on Monday, October 2nd. The shares were sold at an average price of $51.94, for a total transaction of $129,850.00. Following the transaction, the chief financial officer now directly owns 220,760 shares of the company’s stock, valued at $11,466,274.40. The disclosure for this sale can be found here. Insiders have sold 27,700 shares of company stock valued at $1,353,569 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in Mercury Systems by 2.8% during the third quarter. Wells Fargo & Company MN now owns 2,292,917 shares of the technology company’s stock valued at $118,956,000 after acquiring an additional 62,496 shares in the last quarter. Legal & General Group Plc grew its stake in Mercury Systems by 8.2% during the third quarter. Legal & General Group Plc now owns 93,854 shares of the technology company’s stock valued at $4,866,000 after acquiring an additional 7,122 shares in the last quarter. American International Group Inc. grew its stake in Mercury Systems by 5.7% during the third quarter. American International Group Inc. now owns 37,265 shares of the technology company’s stock valued at $1,933,000 after acquiring an additional 2,023 shares in the last quarter. Granite Investment Partners LLC grew its stake in Mercury Systems by 4.4% during the third quarter. Granite Investment Partners LLC now owns 415,466 shares of the technology company’s stock valued at $21,554,000 after acquiring an additional 17,622 shares in the last quarter. Finally, Columbus Circle Investors grew its stake in Mercury Systems by 21.9% during the third quarter. Columbus Circle Investors now owns 241,765 shares of the technology company’s stock valued at $12,543,000 after acquiring an additional 43,423 shares in the last quarter. 96.27% of the stock is owned by institutional investors.

Mercury Systems Company Profile

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.

Analyst Recommendations for Mercury Systems (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.