Moog (NYSE:MOG.A) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Moog (NYSE:MOG.A) had its price objective cut by JPMorgan Chase & Co. from $520.00 to $480.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the aerospace company’s stock.

Other analysts also recently issued research reports about the company. Wall Street Zen raised Moog from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Truist Financial upped their price objective on Moog from $344.00 to $417.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. TD Cowen lowered their price objective on Moog from $450.00 to $440.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Finally, Guggenheim initiated coverage on Moog in a research report on Tuesday, September 15th. They issued a “neutral” rating 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $445.67.

Moog Stock Performance

Shares of NYSE MOG.A opened at $365.75 on Tuesday. 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 firm’s 50-day moving average price is $382.57 and its two-hundred day moving average price is $367.77. Moog has a 52-week low of $192.33 and a 52-week high of $448.85. The stock has a market capitalization of $11.58 billion, a P/E ratio of 31.10 and a beta of 0.96.

Moog (NYSE:MOG.A) last issued its earnings results on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $1.06. The company had revenue of $1.12 billion during the quarter. Moog had a return on equity of 17.67% and a net margin of 8.73%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.37 earnings per share. As a group, sell-side analysts forecast that Moog will post 11.68 earnings per share for the current year.

Institutional Inflows and Outflows

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