Moog (NYSE:MOG.A – Get Free Report) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $520.00 to $480.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 27.57% from the stock’s current price.
Several other research analysts also recently commented on MOG.A. Wall Street Zen raised shares of Moog from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Guggenheim initiated coverage on shares of Moog in a report on Tuesday, September 15th. They issued a “neutral” rating on the stock. Truist Financial raised their price target 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, TD Cowen decreased their price objective on shares of Moog from $450.00 to $440.00 and set a “buy” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $445.67.
Read Our Latest Analysis on Moog
Moog Trading Up 1.2%
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, topping the consensus estimate of $2.66 by $1.06. The business had revenue of $1.12 billion for the quarter. Moog had a return on equity of 17.67% and a net margin of 8.73%. Moog’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.37 earnings per share. On average, equities research analysts anticipate that Moog will post 11.68 earnings per share for the current year.
Institutional Trading of Moog
Large investors have recently bought and sold shares of the company. Archer Investment Corp purchased a new stake in Moog in the second quarter worth $342,000. Public Employees Retirement System of Ohio bought a new position in Moog during the 2nd quarter valued at approximately $426,000. Ancora Advisors LLC purchased a new stake in shares of Moog in the second quarter worth $1,323,000. Finally, Globeflex Capital L P bought a new position in shares of Moog during the second quarter valued at $2,386,000. 87.95% of the stock is owned by institutional investors.
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.
Further Reading
- Five stocks we like better than Moog
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
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.
