Canaccord Genuity analyst Kenneth Herbert maintained a Buy rating on Mercury Systems (NASDAQ:MRCY) Inc on Tuesday, setting a price target of $92, which is approximately 16.69% above the present share price of $78.84.
Herbert expects Mercury Systems Inc to post earnings per share (EPS) of $0.43 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Mercury Systems, with an average price target of $89.5.
The analysts price targets range from a high of $92 to a low of $87.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $208.02 million and a net profit of $26.52 million. The company's market cap is $4.36 billion.
According to TipRanks.com, Canaccord Genuity analyst Kenneth Herbert is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.3% and a 67.95% success rate.
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.