Truist Financial Forecasts Strong Price Appreciation for Mercury Systems (NASDAQ:MRCY) Stock

Mercury Systems (NASDAQ:MRCY - Free Report) had its price target upped by Truist Financial from $35.00 to $44.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the technology company's stock.

A number of other analysts also recently commented on MRCY. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. StockNews.com raised Mercury Systems from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group raised Mercury Systems from an "underperform" rating to a "hold" rating and increased their price objective for the company from $30.00 to $42.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $38.14.

Mercury Systems Price Performance

Shares of NASDAQ MRCY traded up $1.26 during trading on Tuesday, hitting $43.01. 283,171 shares of the company were exchanged, compared to its average volume of 388,671. The firm's fifty day moving average price is $40.60 and its 200 day moving average price is $36.99. 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 company has a market cap of $2.56 billion, a price-to-earnings ratio of -20.98 and a beta of 0.78. Mercury Systems has a 1 year low of $25.31 and a 1 year high of $44.63.

Insider Activity

In related news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction 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 owns 113,488 shares in the company, valued at approximately $4,403,334.40. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Mercury Systems

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Mercury Systems by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company's stock valued at $54,713,000 after purchasing an additional 20,604 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Mercury Systems by 1.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,329,265 shares of the technology company's stock valued at $49,183,000 after buying an additional 20,300 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Mercury Systems by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company's stock worth $24,377,000 after buying an additional 9,582 shares in the last quarter. Clearline Capital LP increased its stake in shares of Mercury Systems by 18.4% in the second quarter. Clearline Capital LP now owns 526,611 shares of the technology company's stock worth $14,213,000 after buying an additional 81,826 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Mercury Systems by 28.7% in the second quarter. Sei Investments Co. now owns 279,327 shares of the technology company's stock valued at $7,539,000 after acquiring an additional 62,371 shares in the last quarter. Institutional investors and hedge funds 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.