Moog (NYSE:MOG.A) Stock Price Expected to Rise, TD Cowen Analyst Says

Moog (NYSE:MOG.A – Get Free Report) had its price objective lifted by research analysts at TD Cowen from $350.00 to $450.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. TD Cowen’s price objective would indicate a potential upside of 14.20% from the company’s previous close.

Separately, Truist Financial upgraded Moog to a “strong-buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Strong Buy” and an average price target of $450.00.

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Moog Price Performance

MOG.A stock traded up $8.82 during mid-day trading on Wednesday, reaching $394.05. The company’s stock had a trading volume of 44,433 shares, compared to its average volume of 292,417. The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $320.71 and its two-hundred day moving average is $296.80. Moog has a fifty-two week low of $171.11 and a fifty-two week high of $399.98. The stock has a market cap of $12.48 billion, a PE ratio of 44.33 and a beta of 0.98.

Moog (NYSE:MOG.A – Get Free Report) last posted its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.28. Moog had a return on equity of 16.11% and a net margin of 6.83%.The business had revenue of $1.05 billion during the quarter. During the same quarter last year, the company earned $1.92 earnings per share. Moog’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts expect that Moog will post 10.61 EPS for the current year.

Insiders Place Their Bets

In other Moog news, Director Brenda Reichelderfer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $312.27, for a total transaction of $624,540.00. Following the completion of the sale, the director owned 2,585 shares of the company’s stock, valued at $807,217.95. This trade represents a 43.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.46% of the company’s stock.

Moog Company Profile

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Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles.

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