Moog (NYSE:MOG.A – Get Free Report) had its target price dropped by stock analysts at TD Cowen from $450.00 to $440.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. TD Cowen’s price target points to a potential upside of 20.36% from the stock’s previous close.
Other equities analysts also recently issued reports about the company. Guggenheim assumed coverage on Moog in a research note on Tuesday, September 15th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. started coverage on Moog in a report on Monday, July 20th. They issued an “overweight” rating and a $520.00 price target for the company. Truist Financial increased their target price on shares of Moog from $344.00 to $417.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of Moog from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $459.00.
Get Our Latest Stock Analysis on MOG.A
Moog Stock Up 0.7%
Moog (NYSE:MOG.A – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $1.06. The firm had revenue of $1.12 billion for the quarter. Moog had a net margin of 8.73% and a return on equity of 17.67%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.37 earnings per share. On average, analysts anticipate that Moog will post 11.68 EPS for the current year.
Institutional Trading of Moog
Several institutional investors have recently modified their holdings of the company. Ancora Advisors LLC acquired a new position in shares of Moog in the 2nd quarter worth approximately $1,323,000. Archer Investment Corp bought a new position in shares of Moog in the second quarter valued at $342,000. Public Employees Retirement System of Ohio bought a new position in shares of Moog in the second quarter valued at $426,000. Finally, Globeflex Capital L P acquired a new stake in shares of Moog during the 2nd quarter valued at $2,386,000. Institutional investors and hedge funds own 87.95% of the company’s stock.
Moog Company Profile
Moog Inc is a global designer and manufacturer of precision motion-control systems and components. The company develops technologies that control the position, velocity and force of machinery and equipment, serving customers in aerospace, defense, space, industrial and medical markets.
Its products and services include aircraft flight-control systems, actuation systems, servovalves, motion-control electronics, satellite and launch-vehicle components, missile and defense systems, and precision equipment for industrial automation and medical applications.
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