Mercury Systems (NASDAQ:MRCY) Rating Increased to Strong-Buy at Baird R W

Baird R W upgraded shares of Mercury Systems (NASDAQ:MRCY) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Several other research analysts have also issued reports on the company. The Goldman Sachs Group boosted their target price on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $37.00 to $58.00 in a research report on Wednesday. Truist Financial boosted their target price on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mercury Systems presently has a consensus rating of “Hold” and an average price target of $42.14.

Mercury Systems Trading Down 4.2 %

Shares of NASDAQ MRCY opened at $45.35 on Wednesday. The business’s 50 day moving average is $41.36 and its two-hundred day moving average is $38.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. Mercury Systems has a 1-year low of $26.11 and a 1-year high of $52.25. The stock has a market capitalization of $2.70 billion, a P/E ratio of -22.12 and a beta of 0.79.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%. As a group, research analysts expect that Mercury Systems will post -0.14 EPS for the current year.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the transaction, the chief operating officer now owns 113,488 shares of the company’s stock, valued at $4,403,334.40. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mercury Systems

A number of large investors have recently bought and sold shares of MRCY. Conestoga Capital Advisors LLC raised its stake in Mercury Systems by 55.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after buying an additional 743,552 shares in the last quarter. Fisher Asset Management LLC bought a new position in Mercury Systems in the fourth quarter worth approximately $16,601,000. Victory Capital Management Inc. raised its stake in Mercury Systems by 16.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock worth $86,526,000 after buying an additional 294,747 shares in the last quarter. Barclays PLC raised its stake in Mercury Systems by 471.3% in the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock worth $6,496,000 after buying an additional 144,831 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Mercury Systems in the fourth quarter worth approximately $4,258,000. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.