Moog (NYSE:MOG.A) Now Covered by Morgan Stanley

Key Points

• Morgan Stanley initiated coverage of Moog with an “overweight” rating and a $448 price target, implying approximately 19.6% upside from the prior close.
• Analyst sentiment remains positive: Moog has a consensus “Moderate Buy” rating and an average price target of $446.25, despite recent target reductions from JPMorgan and TD Cowen.
• Moog shares rose 2.6% to $374.50, while the company reported quarterly EPS of $3.72—well above the $2.66 consensus estimate—and 15.2% year-over-year revenue growth.

Stock analysts at Morgan Stanley started coverage on shares of Moog (NYSE:MOG.A - Get Free Report) in a research note issued on Friday. The firm set an "overweight" rating and a $448.00 price target on the aerospace company's stock. Morgan Stanley's price target points to a potential upside of 19.63% from the company's previous close.

A number of other research analysts have also weighed in on MOG.A. JPMorgan Chase & Co. decreased their target price on shares of Moog from $520.00 to $480.00 and set an "overweight" rating on the stock in a research note on Tuesday. Wall Street Zen upgraded Moog from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 10th. TD Cowen cut their price target on shares of Moog from $450.00 to $440.00 and set a "buy" rating on the stock in a research note on Friday, October 9th. Truist Financial boosted their target price on Moog from $344.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, Guggenheim started coverage on shares of Moog in a research note on Tuesday, September 15th. They set a "neutral" rating for the company. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $446.25.

Moog Stock Up 2.6%

Shares of MOG.A stock traded up $9.36 during mid-day trading on Friday, hitting $374.50. The stock had a trading volume of 17,188 shares, compared to its average volume of 292,939. The firm has a market capitalization of $11.86 billion, a P/E ratio of 31.88 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 has a 12-month low of $192.33 and a 12-month high of $448.85. The firm's 50-day moving average is $382.57 and its two-hundred day moving average is $367.77.

Moog (NYSE:MOG.A - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business earned $2.37 EPS. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, analysts predict that Moog will post 11.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Moog

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

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.

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