Moog (NYSE:MOG.A) Stock Gets Price Target Cut from TD Cowen

Moog (NYSE:MOG.A) had its price objective decreased by TD Cowen from $450.00 to $440.00 in a research note released on Friday morning,Benzinga reports. TD Cowen currently has a buy rating on the aerospace company’s stock.

MOG.A has been the topic of several other reports. Guggenheim started coverage on shares of Moog in a research report on Tuesday, September 15th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. started coverage on shares of Moog in a report on Monday, July 20th. They issued an “overweight” rating and a $520.00 price target for the company. Wall Street Zen downgraded shares of Moog from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th. Finally, Truist Financial raised their price objective on shares of Moog from $344.00 to $417.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Moog presently has an average rating of “Moderate Buy” and an average target price of $459.00.

Moog Trading Up 0.1%

Shares of MOG.A stock opened at $363.42 on Friday. The business’s fifty day moving average price is $385.41 and its 200 day moving average price is $365.69. Moog has a 1-year low of $192.33 and a 1-year high of $448.85. The firm has a market capitalization of $11.51 billion, a PE ratio of 30.90 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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.12 billion during the quarter. During the same quarter in the previous year, the company posted $2.37 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Moog will post 11.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Moog

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