Mercury Systems, Inc. (NASDAQ:MRCY – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday after Robert W. Baird raised their price target on the stock from $26.00 to $37.00. Robert W. Baird currently has a neutral rating on the stock. Mercury Systems traded as high as $42.72 and last traded at $41.34, with a volume of 1551199 shares traded. The stock had previously closed at $34.00.
A number of other analysts have also weighed in on the stock. Truist Financial lowered their price target on shares of Mercury Systems from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Mercury Systems presently has an average rating of “Hold” and an average target price of $28.57.
Check Out Our Latest Analysis on MRCY
Institutional Trading of Mercury Systems
Mercury Systems Price Performance
The company has a quick ratio of 2.93, a current ratio of 4.58 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $31.26 and a 200 day moving average of $30.02. The firm has a market cap of $2.43 billion, a P/E ratio of -17.55 and a beta of 0.68.
About Mercury Systems
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.
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