Moog (NYSE:MOG.A) Given New $480.00 Price Target at JPMorgan Chase & Co.

Moog (NYSE:MOG.A) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $520.00 to $480.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently 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 company’s current price.

Several other research firms have also recently issued reports on MOG.A. TD Cowen lowered their target price on shares of Moog from $450.00 to $440.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial raised their price target on shares of Moog from $344.00 to $417.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Guggenheim assumed coverage on shares of Moog in a research note on Tuesday, September 15th. They issued a “neutral” rating for the company. Finally, Wall Street Zen raised shares of Moog from a “buy” rating to a “strong-buy” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $445.67.

Moog Stock Up 1.2%

Shares of MOG.A stock traded up $4.49 during mid-day trading on Tuesday, hitting $376.25. The company’s stock had a trading volume of 229,988 shares, compared to its average volume of 293,671. Moog has a 52-week low of $192.33 and a 52-week high of $448.85. The business 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. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 31.96 and a beta of 0.96.

Moog (NYSE:MOG.A) last released its quarterly earnings data 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 return on equity of 17.67% and a net margin of 8.73%. The company had revenue of $1.12 billion for the quarter. During the same period last year, the business earned $2.37 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Research analysts predict that Moog will post 11.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Moog

Several institutional investors have recently made changes to their positions in MOG.A. Globeflex Capital L P purchased a new position in shares of Moog in the second quarter worth approximately $2,386,000. Ancora Advisors LLC purchased a new stake in Moog during the second quarter valued at approximately $1,323,000. Public Employees Retirement System of Ohio purchased a new stake in Moog during the second quarter valued at approximately $426,000. Finally, Archer Investment Corp bought a new position in Moog in the second quarter worth approximately $342,000. Institutional investors own 87.95% of the company’s stock.

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.