Mercury Systems (NASDAQ:MRCY) Downgraded by The Goldman Sachs Group

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.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.16. The firm had revenue of $250.84 million for the quarter, compared to the consensus estimate of $242.75 million. Mercury Systems had a return on equity of 7.72% and a net margin of 6.71%. As a group, analysts predict that Mercury Systems will post 1.98 earnings per share for the current fiscal year.

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.

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