In a report issued on July 31, Kenneth Herbert from RBC Capital maintained a Buy rating on Mercury Systems (MRCY – Research Report), with a price target of $72.00. The company’s shares closed last Monday at $59.35.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 18.7% and a 60.8% success rate. Herbert covers the Technology sector, focusing on stocks such as Raytheon Technologies, Spirit AeroSystems, and Maxar Technologies.
Mercury Systems has an analyst consensus of Strong Buy, with a price target consensus of $70.00.
The company has a one-year high of $72.28 and a one-year low of $44.44. Currently, Mercury Systems has an average volume of 432.9K.
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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.
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