Mercury Systems (NASDAQ:MRCY) was downgraded by equities research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports. They currently have a $52.00 price objective on the technology company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 14.31% from the stock’s current price.
A number of other research analysts also recently issued reports on MRCY. Zacks Investment Research downgraded Mercury Systems from a “hold” rating to a “strong sell” rating and set a $48.00 price target on the stock. in a research note on Monday, August 9th. Truist Financial downgraded Mercury Systems to a “hold” rating and set a $65.00 price target on the stock. in a research note on Wednesday, August 4th. Truist downgraded Mercury Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $90.00 to $65.00 in a research note on Wednesday, August 4th. TheStreet cut Mercury Systems from a “b-” rating to a “c+” rating in a report on Monday, August 23rd. Finally, Robert W. Baird cut Mercury Systems from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $80.00 to $56.00 in a report on Wednesday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $68.73.
MRCY opened at $45.49 on Thursday. The business’s 50-day simple moving average is $54.53 and its 200-day simple moving average is $63.58. The company has a market cap of $2.59 billion, a P/E ratio of 40.62, a PEG ratio of 3.86 and a beta of 0.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.79 and a current ratio of 4.26. Mercury Systems has a one year low of $44.85 and a one year high of $88.96.
Institutional investors have recently added to or reduced their stakes in the business. Logan Capital Management Inc. purchased a new position in Mercury Systems during the first quarter worth $25,000. Strategic Blueprint LLC purchased a new stake in shares of Mercury Systems in the second quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Mercury Systems in the second quarter valued at $41,000. First Horizon Advisors Inc. purchased a new stake in shares of Mercury Systems in the first quarter valued at $46,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Mercury Systems in the second quarter valued at $68,000. 92.60% of the stock is owned by institutional investors.
Mercury Systems Company Profile
Mercury Systems, Inc is a global commercial technology company, which serves the aerospace and defense industry. It offers products through the following categories: Components, Modules and Sub-Assemblies, and Integrated Subsystems. The Components category refers to technology elements performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly.
Featured Article: Momentum Indicators
Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.