Moog Inc. (NYSE:MOG.A) Stock Has Average Price Target of $446.25 According to Brokerages

Shares of Moog Inc. (NYSE:MOG.A) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $446.25.

MOG.A has been the topic of a number of research reports. Guggenheim assumed coverage on Moog in a report on Tuesday, September 15th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. decreased their price objective on Moog from $520.00 to $480.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Truist Financial lifted their target price on Moog from $344.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded Moog from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Finally, Morgan Stanley initiated coverage on Moog in a research note on Friday, October 16th. They issued an “overweight” rating and a $448.00 target price on the stock.

Institutional Trading of Moog

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Globeflex Capital L P bought a new stake in shares of Moog in the second quarter worth $2,386,000. Ancora Advisors LLC bought a new position in Moog in the second quarter valued at $1,323,000. Public Employees Retirement System of Ohio bought a new position in Moog in the second quarter valued at $426,000. Finally, Archer Investment Corp bought a new position in Moog in the second quarter valued at $342,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Moog Trading Down 7.0%

MOG.A opened at $341.71 on Friday. The stock has a market capitalization of $10.82 billion, a P/E ratio of 31.80 and a beta of 0.96. The company has a current ratio of 2.09, a quick ratio of 1.34 and a debt-to-equity ratio of 0.41. Moog has a 12 month low of $192.33 and a 12 month high of $448.85. The firm’s fifty day simple moving average is $377.15 and its 200 day simple moving average is $370.27.

Moog (NYSE:MOG.A) last released its earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share (EPS) 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 firm had revenue of $1.12 billion during the quarter. During the same quarter last year, the company posted $2.37 EPS. Moog’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, research analysts anticipate that Moog will post 11.69 EPS for the current fiscal year.

Moog Company Profile

Moog Inc is a technology and manufacturing company that designs and produces precision motion-control systems and components. Its products are used to control the position, movement and operation of machinery in demanding aerospace, defense and industrial applications.

The company serves the commercial aircraft, military aircraft, space and launch, missile, naval and ground-defense markets. Its offerings include aircraft flight-control systems, actuation systems, control electronics, precision-guided weapon components, satellite and spacecraft mechanisms, and systems used in launch vehicles.