Moog (NYSE:MOG.A) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. assumed coverage on shares of Moog (NYSE:MOG.A) in a report issued on Monday,Benzinga reports. The brokerage set an “overweight” rating and a $520.00 price target on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 32.46% from the stock’s current price.

Several other research firms also recently weighed in on MOG.A. Truist Financial upgraded Moog to a “strong-buy” rating in a research note on Friday, May 1st. TD Cowen boosted their target price on Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, Moog presently has a consensus rating of “Buy” and a consensus price target of $485.00.

Moog Price Performance

Shares of MOG.A stock opened at $392.56 on Monday. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 44.16 and a beta of 0.96. The business’s fifty day moving average is $376.52 and its 200 day moving average is $330.00. Moog has a twelve month low of $176.27 and a twelve month high of $430.52. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35.

Moog (NYSE:MOG.A) last issued its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.28. Moog had a net margin of 6.83% and a return on equity of 16.11%. The company had revenue of $1.05 billion during the quarter. During the same quarter in the previous year, the business earned $1.92 earnings per share. The firm’s revenue was up 12.6% compared to the same quarter last year. Research analysts expect that Moog will post 10.61 EPS for the current fiscal year.

Insider Activity at Moog

In other Moog news, Director Janet M. Coletti sold 604 shares of Moog stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $379.66, for a total value of $229,314.64. Following the completion of the sale, the director owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. The trade was a 8.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Scannell sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $373.58, for a total value of $1,120,740.00. Following the completion of the transaction, the director owned 33,540 shares in the company, valued at approximately $12,529,873.20. This trade represents a 8.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.46% of the company’s stock.

Moog Company Profile

Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles.