Moog (NYSE:MOG.A) Research Coverage Started at Morgan Stanley

Morgan Stanley initiated coverage on shares of Moog (NYSE:MOG.A) in a report published on Friday. The firm issued an overweight rating and a $448.00 price target on the aerospace company’s stock.

A number of other analysts have also recently commented on MOG.A. Wall Street Zen upgraded shares of Moog from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Truist Financial raised their price objective on shares of Moog from $344.00 to $417.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Guggenheim initiated coverage on shares of Moog in a research note on Tuesday, September 15th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of Moog from $520.00 to $480.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, TD Cowen dropped their target price on Moog from $450.00 to $440.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $446.25.

Moog Stock Performance

Shares of MOG.A opened at $368.43 on Friday. Moog has a 1 year low of $192.33 and a 1 year high of $448.85. The stock’s fifty day moving average price is $381.88 and its two-hundred day moving average price is $368.37. The firm has a market cap of $11.67 billion, a PE ratio of 31.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.09 and a quick ratio of 1.34.

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. The business 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 company earned $2.37 earnings per share. On average, equities research analysts forecast that Moog will post 11.68 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Archer Investment Corp bought a new stake in shares of Moog during the second quarter valued at about $342,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Moog in the second quarter worth about $426,000. Ancora Advisors LLC purchased a new stake in shares of Moog in the second quarter worth about $1,323,000. Finally, Globeflex Capital L P purchased a new stake in shares of Moog in the second quarter worth about $2,386,000. 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.