Moog (NYSE:MOG.A) Stock Price Target Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Moog’s price target from $520 to $480 while maintaining an “overweight” rating, implying 27.57% potential upside from the stock’s current price.
• Analyst sentiment remains positive overall, with Moog holding a “Moderate Buy” consensus rating and an average price target of $445.67.
• Moog shares rose 1.2% to $376.25, while the company reported quarterly EPS of $3.72—beating consensus estimates of $2.66—and revenue of $1.12 billion, up 15.2% year over year.

Moog (NYSE:MOG.A - Get Free Report) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $520.00 to $480.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the aerospace company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 27.57% from the stock's current price.

Several other research analysts also recently commented on MOG.A. Wall Street Zen raised shares of Moog from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Guggenheim initiated coverage on shares of Moog in a report on Tuesday, September 15th. They issued a "neutral" rating on the stock. Truist Financial raised their price target on shares of Moog from $344.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, TD Cowen decreased their price objective on shares of Moog from $450.00 to $440.00 and set a "buy" rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $445.67.

Moog Trading Up 1.2%

Shares of NYSE MOG.A traded up $4.49 during midday trading on Tuesday, reaching $376.25. The company had a trading volume of 229,988 shares, compared to its average volume of 293,671. The stock has a market cap of $11.92 billion, a PE ratio of 31.96 and a beta of 0.96. Moog has a one year low of $192.33 and a one year high of $448.85. The firm's fifty day moving average price is $384.93 and its 200-day moving average price is $366.18. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 0.41.

Moog (NYSE:MOG.A - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $1.12 billion for the quarter. Moog had a return on equity of 17.67% and a net margin of 8.73%. Moog's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.37 earnings per share. On average, equities research analysts anticipate that Moog will post 11.68 earnings per share for the current year.

Institutional Trading of Moog

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

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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