Moog (NYSE:MOG.A) Upgraded at Wall Street Zen
by Tristan Rich · The Markets DailyWall Street Zen upgraded shares of Moog (NYSE:MOG.A – Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.
MOG.A has been the topic of several other research reports. TD Cowen dropped their price objective on Moog from $450.00 to $440.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial boosted their target price on Moog from $344.00 to $417.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. started coverage on Moog in a research note on Monday, July 20th. They issued an “overweight” rating and a $520.00 target price for the company. Finally, Guggenheim started coverage on Moog in a report on Tuesday, September 15th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $459.00.
Check Out Our Latest Analysis on MOG.A
Moog Stock Up 2.6%
Shares of NYSE MOG.A opened at $372.48 on Friday. The stock has a market cap of $11.80 billion, a P/E ratio of 31.67 and a beta of 0.96. The firm has a 50 day moving average price of $384.93 and a 200 day moving average price of $366.18. 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 52-week low of $192.33 and a 52-week high of $448.85.
Moog (NYSE:MOG.A – Get Free Report) last issued its earnings results on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $2.66 by $1.06. Moog had a net margin of 8.73% and a return on equity of 17.67%. The firm had revenue of $1.12 billion during the quarter. During the same period in the previous year, the company posted $2.37 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Moog will post 11.68 EPS for the current year.
Institutional Trading of Moog
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC bought a new stake in Moog during the second quarter worth about $1,323,000. Globeflex Capital L P bought a new position in Moog in the second quarter valued at approximately $2,386,000. Archer Investment Corp bought a new position in Moog in the second quarter valued at approximately $342,000. Finally, Public Employees Retirement System of Ohio bought a new position in Moog in the second quarter valued at approximately $426,000. 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.