Research analysts at Morgan Stanley started coverage on shares of Moog (NYSE:MOG.A – Get Free Report) in a research report issued to clients and investors on Friday. The brokerage set an “overweight” rating and a $448.00 price target on the aerospace company’s stock. Morgan Stanley’s price objective indicates a potential upside of 19.63% from the company’s current price.
Several other analysts also recently weighed in on the company. Guggenheim began coverage on Moog in a research report on Tuesday, September 15th. They set a “neutral” rating for the company. Wall Street Zen upgraded shares of Moog from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. JPMorgan Chase & Co. cut their price objective on Moog from $520.00 to $480.00 and set an “overweight” rating on the stock in a research note on Tuesday. TD Cowen decreased their target price on Moog from $450.00 to $440.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Finally, Truist Financial lifted their price target on shares of Moog from $344.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Moog presently has an average rating of “Moderate Buy” and a consensus target price of $446.25.
Read Our Latest Research Report on Moog
Moog Stock Up 2.6%
MOG.A stock traded up $9.36 during mid-day trading on Friday, hitting $374.50. 17,188 shares of the company were exchanged, compared to its average volume of 292,939. The firm has a market cap of $11.86 billion, a P/E ratio of 31.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.34 and a current ratio of 2.09. Moog has a 1-year low of $192.33 and a 1-year high of $448.85. The firm’s 50 day simple moving average is $382.57 and its 200 day simple moving average is $367.77.
Moog (NYSE:MOG.A – Get Free Report) last posted its earnings results 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 previous year, the firm posted $2.37 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts predict that Moog will post 11.68 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in Moog in the second quarter worth about $1,323,000. Globeflex Capital L P purchased a new position in Moog in the 2nd quarter worth about $2,386,000. Public Employees Retirement System of Ohio bought a new position in Moog during the second quarter valued at approximately $426,000. Finally, Archer Investment Corp bought a new position in shares of Moog during the 2nd quarter valued at $342,000. Hedge funds and other institutional investors 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.
Further Reading
- Five stocks we like better than Moog
- RTX Locks In a Decade of Defense Dominance
- Okeanis Riding Record Profits as Uncertainty Grows
- Securitize’s Blockchain Ambitions Face a Reality Check
- 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending
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.
