The Goldman Sachs Group Raises Mercury Systems (NASDAQ:MRCY) Price Target to $28.00

Mercury Systems (NASDAQ:MRCY) had its price objective upped by equities research analysts at The Goldman Sachs Group from $25.00 to $28.00 in a report released on Thursday,Benzinga reports. The firm presently has a “sell” rating on the technology company’s stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 34.76% from the company’s current price.

Several other research analysts also recently weighed in on MRCY. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and boosted their price target for the company from $30.00 to $42.00 in a report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Truist Financial raised their price target on Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.14.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $42.92 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The firm has a market cap of $2.56 billion, a PE ratio of -20.94 and a beta of 0.78. The firm has a 50 day simple moving average of $40.82 and a 200-day simple moving average of $37.29. Mercury Systems has a 1-year low of $25.31 and a 1-year high of $44.63.

Insiders Place Their Bets

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the transaction, the chief operating officer now directly 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 accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mercury Systems

A number of hedge funds have recently made changes to their positions in MRCY. Signaturefd LLC boosted its position in Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after purchasing an additional 393 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after buying an additional 503 shares during the period. Covestor Ltd grew its stake in shares of Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after buying an additional 620 shares in the last quarter. FMR LLC grew its stake in shares of Mercury Systems by 46.5% in the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after buying an additional 974 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in shares of Mercury Systems by 16.7% during the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock valued at $130,000 after buying an additional 500 shares during the period. Hedge funds and other 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.