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

Key Points

• Wall Street Zen upgraded Moog from “buy” to “strong-buy.” Other analysts remain broadly positive, giving the stock a consensus “Moderate Buy” rating and an average price target of $459.
• Moog’s latest quarterly results exceeded expectations, with earnings per share of $3.72 versus the $2.66 consensus estimate and revenue of $1.12 billion, up 15.2% year over year.
• Moog shares opened at $363.42, valuing the company at approximately $11.51 billion; institutional investors own nearly 88% of the stock.

Moog (NYSE:MOG.A - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on MOG.A. JPMorgan Chase & Co. began coverage on Moog in a research report on Monday, July 20th. They set an "overweight" rating and a $520.00 price objective on the stock. TD Cowen dropped their price target on Moog from $450.00 to $440.00 and set a "buy" rating on the stock in a research note on Friday. Truist Financial increased their price objective on shares of Moog from $344.00 to $417.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, Guggenheim started coverage on shares of Moog in a research report on Tuesday, September 15th. They set a "neutral" rating on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $459.00.

Moog Stock Up 0.1%

Shares of NYSE:MOG.A opened at $363.42 on Friday. Moog has a 52-week low of $192.33 and a 52-week high of $448.85. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 0.41. The business's 50 day moving average is $385.41 and its 200 day moving average is $365.22. The stock has a market cap of $11.51 billion, a P/E ratio of 30.90 and a beta of 0.96.

Moog (NYSE:MOG.A - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $2.66 by $1.06. The firm 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%. The business's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.37 EPS. Sell-side analysts predict that Moog will post 11.68 EPS for the current year.

Institutional Trading of Moog

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