Canaccord Genuity Group Forecasts Strong Price Appreciation for Mercury Systems (NASDAQ:MRCY) Stock

Mercury Systems (NASDAQ:MRCY) had its price objective increased by Canaccord Genuity Group from $128.00 to $129.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Canaccord Genuity Group‘s target price would indicate a potential upside of 46.04% from the stock’s current price.

Other analysts have also issued research reports about the company. Piper Sandler reaffirmed an “overweight” rating and set a $107.00 price objective on shares of Mercury Systems in a research report on Wednesday. Weiss Ratings lowered Mercury Systems from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, September 28th. Oppenheimer assumed coverage on Mercury Systems in a research note on Thursday, October 22nd. They set an “outperform” rating and a $90.00 target price for the company. Royal Bank Of Canada lowered their target price on Mercury Systems from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Finally, JPMorgan Chase & Co. upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $110.00 to $102.00 in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.10.

Mercury Systems Price Performance

Shares of MRCY opened at $88.33 on Thursday. Mercury Systems has a fifty-two week low of $64.37 and a fifty-two week high of $128.45. The firm’s 50 day moving average price is $80.22 and its 200 day moving average price is $90.94. The company has a market cap of $5.38 billion, a P/E ratio of -1,104.12 and a beta of 0.98. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, November 10th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.22. Mercury Systems had a negative net margin of 0.40% and a positive return on equity of 2.55%. The company had revenue of $253.15 million for the quarter, compared to analyst estimates of $245.00 million. During the same period in the prior year, the business earned $0.26 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. On average, research analysts forecast that Mercury Systems will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In other news, CEO William L. Ballhaus sold 49,090 shares of Mercury Systems stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $89.10, for a total transaction of $4,373,919.00. Following the completion of the sale, the chief executive officer directly owned 361,822 shares of the company’s stock, valued at approximately $32,238,340.20. The trade was a 11.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stuart Kupinsky sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $76.00, for a total transaction of $76,000.00. Following the transaction, the executive vice president owned 59,971 shares of the company’s stock, valued at approximately $4,557,796. The trade was a 1.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 452,186 shares of company stock valued at $41,933,170. Insiders own 0.99% of the company’s stock.

Institutional Trading of Mercury Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in Mercury Systems during the 2nd quarter worth about $43,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Mercury Systems in the 2nd quarter valued at about $52,000. IFP Advisors Inc increased its holdings in shares of Mercury Systems by 250.8% in the 2nd quarter. IFP Advisors Inc now owns 463 shares of the technology company’s stock valued at $57,000 after acquiring an additional 331 shares during the last quarter. Eurizon Capital SGR S.p.A. increased its holdings in shares of Mercury Systems by 159.0% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 531 shares of the technology company’s stock valued at $44,000 after acquiring an additional 326 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Mercury Systems during the 2nd quarter worth about $82,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Recent Mercury Systems Headlines

Here are a few of the latest headlines about MRCY:

• Positive Sentiment: Mercury reported fiscal Q1 revenue of $253.2 million, up 12.4% year over year and above the roughly $245 million consensus. Earnings were $0.52 per share, topping estimates near $0.30 and improving from $0.26 a year earlier. Mercury Systems Reports First Quarter Results
• Positive Sentiment: J.P. Morgan upgraded MRCY from Neutral to Overweight, citing strong orders and better profits. Piper Sandler maintained its Overweight rating. The upgrade may support investor confidence, although J.P. Morgan lowered its price target to $102 from $110. J.P. Morgan upgrade
• Neutral Sentiment: Mercury’s fiscal 2027 revenue guidance is $1.1 billion, broadly in line with analyst expectations. The results coverage describes an improved outlook, but the revenue forecast itself does not substantially exceed consensus. Q1 results and FY27 outlook

Mercury Systems Company Profile

Mercury Systems, Inc. develops and supplies secure processing systems and subsystems for the aerospace and defense industries. Its products include embedded computing, signal processing, radio-frequency and microwave components, and other technologies used to process and manage critical data. The company’s technologies support applications such as radar, electronic warfare, communications, avionics, and command-and-control systems. Mercury works with defense contractors and government customers, providing components and systems designed for use in demanding environments.