In a report released yesterday, Kenneth Herbert from RBC Capital maintained a Hold rating on Mercury Systems (MRCY – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $30.25.
Herbert covers the Industrials sector, focusing on stocks such as Boeing, L3Harris Technologies, and General Dynamics. According to TipRanks, Herbert has an average return of 18.5% and a 63.82% success rate on recommended stocks.
Currently, the analyst consensus on Mercury Systems is a Moderate Sell with an average price target of $28.00, representing a -7.44% downside. In a report released today, Robert W. Baird also maintained a Hold rating on the stock with a $26.00 price target.
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The company has a one-year high of $55.08 and a one-year low of $28.90. Currently, Mercury Systems has an average volume of 466.8K.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MRCY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 Reports Second Quarter Fiscal 2024 Results
- Mercury Systems (MRCY) Q2 Earnings Cheat Sheet
- Mercury Awarded Subcontract for the U.S. Army’s Next-Generation LTAMDS Radar System
- Mercury Appoints Stuart Kupinsky as Chief Legal Officer
- Mercury Systems names Stuart Kupinsky as Chief Legal Officer
