Moog (NYSE:MOG.A – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
A number of other research firms have also issued reports on MOG.A. Guggenheim started coverage on Moog in a report on Tuesday, September 15th. They issued a “neutral” rating for the company. Truist Financial upped their price target on Moog from $344.00 to $417.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. assumed coverage on Moog in a report on Monday, July 20th. They set an “overweight” rating and a $520.00 price target on the stock. Finally, TD Cowen reduced their price target on Moog from $450.00 to $440.00 and set a “buy” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $459.00.
Get Our Latest Stock Report on Moog
Moog Stock Performance
Moog (NYSE:MOG.A – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $1.06. Moog had a return on equity of 17.67% and a net margin of 8.73%. The business had revenue of $1.12 billion for the quarter. During the same period in the prior year, the company posted $2.37 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, research analysts predict that Moog will post 11.68 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new stake in shares of Moog in the 2nd quarter valued at approximately $1,323,000. Archer Investment Corp acquired a new stake in shares of Moog in the 2nd quarter valued at $342,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Moog in the 2nd quarter valued at $426,000. Finally, Globeflex Capital L P purchased a new stake in shares of Moog during the 2nd quarter worth $2,386,000. Institutional investors and hedge funds own 87.95% of the company’s stock.
About Moog
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.
Recommended Stories
- Five stocks we like better than Moog
- 3 Stocks Chopped in Half: Why These Drops May Be Structural, Not a Dip
- Home Depot and Lowe’s Hit 52-Week Lows—But Analysts Aren’t Giving Up
- Utilities Are Bouncing Back—These 2 Giants Could Signal the Next Big Sector Rally
- Q3 Earnings Could Blow Past Consensus—Be Ready for What Comes Next
Receive News & Ratings for Moog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moog and related companies with MarketBeat.com's FREE daily email newsletter.
