LON:MGGTMeggitt Share Price, Forecast & News

GBX 276

+12.60 (+4.78 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

270.90

Now: GBX 276▼

282.20

50-Day Range

217

MA: GBX 259.96▼

299

52-Week Range

196.15

Now: GBX 276▼

701.80

Volume6.90 million shs

Average Volume3.38 million shs

Market Capitalization£2.15 billion

P/E Ratio9.75

Dividend Yield7.84%

BetaN/A

Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments. The Meggitt Aircraft Braking Systems segment offers anti-skid, auto braking, brake-by-wire, and integrated brake metering/anti-skid brake control systems; carbon, rotor, electrically-actuated, and steel brakes; integrated tire pressure indicator systems/brake temperature monitoring systems; and landing gear computers, park/emergency valves, auto spoiler deployment, other braking system hydraulic components, main and nose wheels, and tire pressure monitoring systems. The Meggitt Control Systems segment provides aerospace valves, air-oil separators, and retimet filters; heat exchangers; high pressure ducting and flexible joints; and industrial fuel and bleed air control valves, and ground fueling products, as well as aircraft fire protection and control systems. The Meggitt Polymers & Composites segment offers fuel containments and systems, sealing solutions, and advanced composites for the aerospace, marine, and energy sectors. The Meggitt Sensing Systems segment provides sensing, monitoring, power, and motion systems for the aerospace and defense, energy, industrial, and specialty sectors. The Meggitt Equipment Group segment primarily engages in the non-engine actuation, military, and printed circuit heat exchangers businesses. The company was formerly known as Meggitt Holdings Public Limited Company and changed its name to Meggitt PLC in April 1989. Meggitt PLC was founded in 1947 and is based in Christchurch, the United Kingdom.

Beat the Market (BTM) Rank^™

4.0 Analyst's Opinion

Consensus Rating
Meggitt has received a consensus rating of Hold. The company's average rating score is 1.93, and is based on 4 buy ratings, 5 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of GBX 357.18, Meggitt has a potential upside of 29.4% from its current price of GBX 276.
Amount of Analyst Coverage
Meggitt has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.1 Community Rank

Outperform Votes
Meggitt has received 555 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Meggitt has received 774 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Meggitt has received 58.24% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Meggitt and other stocks. Vote “Outperform” if you believe MGGT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MGGT will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Meggitt is a leading dividend payer. It pays a dividend yield of 7.84%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Meggitt does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Meggitt is 0.60 %. This payout ratio is at a healthy, sustainable level, below 75%.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Meggitt insiders have bought 1,394.88% more of their company's stock than they have sold. Specifically, they have bought £118,219.60 in company stock and sold £7,908.32 in company stock.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Meggitt are expected to decrease by -100.00% in the coming year, from GBX 3,674 to GBX 0 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Meggitt is 9.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Meggitt is 9.75, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.31.
Price to Book Value per Share Ratio
Meggitt has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.69 out of 5 stars

Industry, Sector and Symbol

Stock Exchange LON

Industry Aerospace/Defense - Major Diversified

Sub-IndustryN/A

SectorIndustrial Products

Current SymbolLON:MGGT

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.meggitt.com

Phone+44-1202-597597

Debt

Debt-to-Equity Ratio43.41

Current Ratio1.25

Quick Ratio0.67

Price-To-Earnings

Trailing P/E Ratio9.75

Forward P/E Ratio0.08

P/E GrowthN/A

Sales & Book Value

Annual Sales£2.28 billion

Price / Sales0.95

Cash FlowGBX 21.21 per share

Price / Cash Flow13.01

Book ValueGBX 317.20 per share

Price / Book0.87

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees11,739

Outstanding Shares780,705,024

Market Cap£2.15 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableNot Optionable

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Meggitt (LON:MGGT) Frequently Asked Questions

How has Meggitt's stock been impacted by COVID-19 (Coronavirus)?

Meggitt's stock was trading at GBX 454.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MGGT stock has decreased by 39.2% and is now trading at GBX 276. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Meggitt?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meggitt in the last year. There are currently 5 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Meggitt.

When is Meggitt's next earnings date?

Meggitt is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Meggitt.

How often does Meggitt pay dividends? What is the dividend yield for Meggitt?

Meggitt declared a dividend on Tuesday, February 25th. Investors of record on Thursday, March 19th will be paid a dividend of GBX 11.95 per share on Friday, May 1st. This represents a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, March 19th. This is an increase from Meggitt's previous dividend of GBX 5.55. The official announcement can be viewed at this link. View Meggitt's dividend history.

What price target have analysts set for MGGT?

14 brokerages have issued 1 year price targets for Meggitt's stock. Their forecasts range from GBX 205 to GBX 510. On average, they anticipate Meggitt's share price to reach GBX 357.18 in the next year. This suggests a possible upside of 29.4% from the stock's current price. View analysts' price targets for Meggitt.

Has Meggitt been receiving favorable news coverage?

Press coverage about MGGT stock has trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meggitt earned a news sentiment score of -5.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMeggitt.

Who are some of Meggitt's key competitors?

Some companies that are related to Meggitt include Rolls-Royce (RR), CAE (CAE), PrairieSky Royalty (PSK), QinetiQ Group (QQ), Ultra Electronics (ULE), Avon Rubber (AVON), Magellan Aerospace (MAL), Senior (SNR), Cohort (CHRT), Avingtrans (AVG), MS International (MSI), Tel-Instrument Electronics (TIK), Department 13 International (D13) and Leonardo (LDO). View all competitors.

What other stocks do shareholders of Meggitt own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meggitt investors own include Meggitt (MEGGF), Rolls-Royce (RR), Aviva (AV), Barclays (BARC), BP (BP), GlaxoSmithKline (GSK), Lloyds Banking Group (LLOY), BAE Systems (BA), Centrica (CNA) and Diageo (DGE).

Who are Meggitt's key executives?

Meggitt's management team includes the following people:

Mr. Anthony Wood, CEO & Director
Mr. Philip E. Green, Exec. Director of Commercial & Corp. Affairs and Exec. Director (Age 63)
Ms. Louisa S. Burdett BSc Hons, ACA, CFO & Exec. Director
Mr. Amir Allahverdi, Group Operations Director
Prof. Keith Jackson, Chief Technology Officer (Age 58)

What is Meggitt's stock symbol?

Meggitt trades on the London Stock Exchange (LON) under the ticker symbol "MGGT."

How do I buy shares of Meggitt?

Shares of MGGT and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What is Meggitt's stock price today?

One share of MGGT stock can currently be purchased for approximately GBX 276.

How big of a company is Meggitt?

Meggitt has a market capitalization of £2.15 billion and generates £2.28 billion in revenue each year. Meggitt employs 11,739 workers across the globe.

What is Meggitt's official website?

The official website for Meggitt is www.meggitt.com.

How can I contact Meggitt?

Meggitt's mailing address is Atlantic House, 3 Aviation Park West, CHRISTCHURCH, BH23 6EW, United Kingdom. The company can be reached via phone at +44-1202-597597.

This page was last updated on 5/26/2020 by MarketBeat.com Staff