Moog (NYSE:MOG.A) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Moog (NYSE:MOG.A) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other analysts have also issued research reports about the stock. TD Cowen lifted their price objective on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Guggenheim initiated coverage on Moog in a research report on Tuesday, September 15th. They set a “neutral” rating on the stock. Truist Financial upped their price objective on shares of Moog from $344.00 to $417.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. initiated coverage on Moog in a research note on Monday, July 20th. They set an “overweight” rating and a $520.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $462.33.

Moog Stock Up 1.2%

Moog stock opened at $368.87 on Friday. 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. The firm has a 50 day moving average price of $391.65 and a two-hundred day moving average price of $358.97. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 31.37 and a beta of 0.97.

Moog (NYSE:MOG.A) last issued its quarterly 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 net margin of 8.73% and a return on equity of 17.67%. The firm had revenue of $1.12 billion for the quarter. During the same quarter last year, the firm posted $2.37 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts predict that Moog will post 11.68 EPS for the current year.

Institutional Investors Weigh In On Moog

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

Moog Company Profile

Moog Inc is an aerospace and defense company that designs and manufactures precision motion-control systems and related components. Its products help control the movement of aircraft, spacecraft, missiles, naval platforms, and industrial equipment, serving customers that require highly reliable actuation and control technologies.

The company’s offerings include flight-control actuation systems, aircraft control components, spacecraft mechanisms and propulsion systems, missile guidance and steering equipment, and naval and defense systems.