ValuEngine Downgrades Mercury Systems (MRCY) to Sell

Mercury Systems (NASDAQ:MRCY) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday.

MRCY has been the topic of a number of other reports. Citigroup restated a “buy” rating and set a $61.00 price target on shares of Mercury Systems in a research report on Wednesday, January 24th. BidaskClub upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research lowered shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 28th. Noble Financial restated a “hold” rating on shares of Mercury Systems in a research report on Thursday, January 25th. Finally, SunTrust Banks restated a “buy” rating and set a $61.00 price target on shares of Mercury Systems in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $55.83.

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MRCY opened at $45.91 on Tuesday. The stock has a market cap of $2,233.63, a P/E ratio of 48.33, a price-to-earnings-growth ratio of 3.71 and a beta of 0.36. Mercury Systems has a twelve month low of $36.09 and a twelve month high of $55.00.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $117.90 million for the quarter, compared to analyst estimates of $114.89 million. Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. The business’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. analysts anticipate that Mercury Systems will post 1.09 EPS for the current fiscal year.

In other Mercury Systems news, insider Mark Aslett sold 9,600 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $48.35, for a total value of $464,160.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gerald M. Haines II sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $47.69, for a total transaction of $119,225.00. Following the completion of the transaction, the chief financial officer now owns 210,760 shares in the company, valued at $10,051,144.40. The disclosure for this sale can be found here. Insiders sold a total of 58,400 shares of company stock worth $2,764,488 over the last quarter. 3.50% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of MRCY. Brown Advisory Inc. acquired a new position in Mercury Systems in the 4th quarter valued at about $14,514,000. Franklin Resources Inc. raised its stake in shares of Mercury Systems by 21.5% in the 4th quarter. Franklin Resources Inc. now owns 1,457,768 shares of the technology company’s stock valued at $74,857,000 after acquiring an additional 257,918 shares during the period. BlackRock Inc. raised its stake in shares of Mercury Systems by 3.0% in the 4th quarter. BlackRock Inc. now owns 7,240,899 shares of the technology company’s stock valued at $371,819,000 after acquiring an additional 213,219 shares during the period. Kennedy Capital Management Inc. purchased a new stake in shares of Mercury Systems in the 4th quarter valued at approximately $7,980,000. Finally, Millennium Management LLC raised its stake in shares of Mercury Systems by 724.9% in the 4th quarter. Millennium Management LLC now owns 175,961 shares of the technology company’s stock valued at $9,036,000 after acquiring an additional 154,629 shares during the period. Institutional investors own 93.50% of the company’s stock.

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About Mercury Systems

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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