Moog (NYSE:MOG.A) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Moog from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with a $462.33 target price.
• Moog reported quarterly EPS of $3.72, beating estimates by $1.06, while revenue reached $1.12 billion, up 15.2% year over year.
• The stock opened at $365.78, with a market capitalization of $11.58 billion; institutional investors and hedge funds own approximately 87.95% of shares.

Moog (NYSE:MOG.A - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Truist Financial increased their price target on Moog from $344.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Guggenheim assumed coverage on Moog in a research note on Tuesday. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. started coverage on Moog in a report on Monday, July 20th. They issued an "overweight" rating and a $520.00 price objective for the company. Finally, TD Cowen raised 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Moog has an average rating of "Moderate Buy" and a consensus target price of $462.33.

Moog Stock Up 2.9%

Shares of Moog stock opened at $365.78 on Friday. The business's fifty day moving average price is $392.12 and its two-hundred day moving average price is $358.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.09 and a quick ratio of 1.34. The company has a market capitalization of $11.58 billion, a P/E ratio of 31.10 and a beta of 0.97. Moog has a 1-year low of $192.33 and a 1-year high of $448.85.

Moog (NYSE:MOG.A - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $1.06. The company 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 for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business posted $2.37 earnings per share. As a group, research analysts forecast that Moog will post 11.68 EPS for the current year.

Institutional Inflows and Outflows

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

Moog Company Profile

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.

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