RBC Capital analyst Kenneth Herbert maintained a Hold rating on Mercury Systems (MRCY – Research Report) on November 7 and set a price target of $35.00. The company’s shares closed yesterday at $32.15.
Herbert covers the Industrials sector, focusing on stocks such as Boeing, Raytheon Technologies, and VSE. According to TipRanks, Herbert has an average return of 18.9% and a 63.89% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Mercury Systems with a $37.00 average price target.
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MRCY market cap is currently $2.18B and has a P/E ratio of -72.86.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is neutral on the stock.
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Mercury Systems (MRCY) Company Description:
Mercury Systems, Inc. engages in the provision of secure sensor and safety critical mission processing subsystems. It offer products under the following categories: Components, Modules and Sub-Assemblies, and Integrated Subsystems. The Components category refers to technology elements typically performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly. The Modules and Sub-Assemblies category includes combinations of multiple functional technology elements and components that work together to perform multiple functions, but are typically resident on or within a single board or housing. The Integrated Subsystems category covers multiple modules and sub-assemblies combined with a backplane or similar functional element and software to enable a solution. The company was founded on July 14, 1981 and is headquartered in Andover, MA.
Read More on MRCY:
- Mercury Systems sees FY24 adjusted EPS $1.19-$1.54, consensus $1.33
- Mercury Systems reports Q1 EPS (24c), consensus 18c
- Mercury Systems Reports First Quarter Fiscal 2024 Results
- Mercury Systems (MRCY) Q1 Earnings Cheat Sheet
- U.S. Navy Funds Mercury to Develop Photonics Chiplet Manufacturing Capability for Defense Applications
