TD Cowen Has Lowered Expectations for Moog (NYSE:MOG.A) Stock Price

Moog (NYSE:MOG.A) had its price objective lowered by analysts at TD Cowen from $450.00 to $440.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. TD Cowen’s target price would indicate a potential upside of 20.36% from the company’s previous close.

A number of other research analysts also recently commented on MOG.A. 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. began coverage on shares of Moog in a report on Monday, July 20th. They set an “overweight” rating and a $520.00 price target on the stock. Guggenheim initiated coverage on Moog in a research note on Tuesday, September 15th. They issued a “neutral” rating on the stock. Finally, Wall Street Zen cut shares of Moog from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $459.00.

Moog Trading Up 0.7%

Shares of Moog stock traded up $2.66 during trading on Friday, hitting $365.58. The stock had a trading volume of 46,691 shares, compared to its average volume of 293,014. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $11.58 billion, a PE ratio of 31.06 and a beta of 0.96. Moog has a 1 year low of $192.33 and a 1 year high of $448.85. The stock has a 50 day simple moving average of $385.91 and a 200 day simple moving average of $365.23.

Moog (NYSE:MOG.A) last announced its earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $1.06. The company had revenue of $1.12 billion for the quarter. Moog had a net margin of 8.73% and a return on equity of 17.67%. Moog’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $2.37 earnings per share. On average, research analysts expect that Moog will post 11.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Moog

Institutional investors have recently modified their holdings of the stock. Archer Investment Corp acquired a new position in Moog during the second quarter valued at approximately $342,000. Public Employees Retirement System of Ohio bought a new stake in shares of Moog in the 2nd quarter valued at $426,000. Ancora Advisors LLC bought a new position in Moog during the second quarter worth about $1,323,000. Finally, Globeflex Capital L P acquired a new position in Moog in the second quarter valued at about $2,386,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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.