Moog (NYSE:MOG.A) Earns Neutral Rating from Analysts at Guggenheim

Guggenheim started coverage on shares of Moog (NYSE:MOG.A) in a research note published on Tuesday morning, Marketbeat reports. The brokerage issued a neutral rating on the aerospace company’s stock.

MOG.A has been the subject of several other research reports. TD Cowen increased their price objective on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. initiated coverage on Moog in a research report on Monday, July 20th. They set an “overweight” rating and a $520.00 price objective for the company. Finally, Truist Financial lifted their target price on Moog from $344.00 to $417.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $462.33.

Moog Trading Down 0.8%

Moog stock opened at $356.80 on Tuesday. Moog has a 1 year low of $192.33 and a 1 year high of $448.85. The firm’s 50 day moving average price is $392.94 and its 200-day moving average price is $358.63. 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 stock has a market cap of $11.30 billion, a P/E ratio of 30.34 and a beta of 0.97.

Moog (NYSE:MOG.A) last issued its earnings results 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. The firm had revenue of $1.12 billion during the quarter. Moog had a net margin of 8.73% and a return on equity of 17.67%. Moog’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.37 EPS. On average, equities analysts predict that Moog will post 11.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Moog

A number of hedge funds have recently bought and sold shares of MOG.A. Ancora Advisors LLC purchased a new position in shares of Moog in the 2nd quarter worth $1,323,000. Globeflex Capital L P purchased a new stake in shares of Moog during the 2nd quarter valued at about $2,386,000. Archer Investment Corp purchased a new stake in shares of Moog during the 2nd quarter valued at about $342,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Moog in the 2nd quarter valued at about $426,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

About Moog

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.