Wall Street Zen Downgrades Moog (NYSE:MOG.A) to Buy

Moog (NYSE:MOG.A) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

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

Moog Stock Up 0.3%

MOG.A stock opened at $365.78 on Friday. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 31.10 and a beta of 0.97. The company has a fifty day moving average price of $392.12 and a 200 day moving average price of $358.77. 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 has a 12 month low of $192.33 and a 12 month high of $448.85.

Moog (NYSE:MOG.A) last issued 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 net margin of 8.73% and a return on equity of 17.67%. The company had revenue of $1.12 billion for the quarter. During the same period in the previous year, the business posted $2.37 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Sell-side analysts expect that Moog will post 11.68 earnings per share for the current year.

Institutional Inflows and Outflows

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

About Moog

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.