Moog (NYSE:MOG.A) Given New $450.00 Price Target at TD Cowen
by Sarita Garza · The Markets DailyMoog (NYSE:MOG.A – Get Free Report) had its price target upped by equities research analysts at TD Cowen from $350.00 to $450.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. TD Cowen’s price target points to a potential upside of 14.20% from the stock’s current price.
Separately, Truist Financial upgraded Moog to a “strong-buy” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of $450.00.
Check Out Our Latest Stock Report on MOG.A
Moog Trading Up 2.3%
NYSE MOG.A traded up $8.82 on Wednesday, reaching $394.05. The stock had a trading volume of 44,433 shares, compared to its average volume of 292,417. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 44.33 and a beta of 0.98. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35. Moog has a 12-month low of $171.11 and a 12-month high of $399.98. The stock has a fifty day moving average price of $320.71 and a two-hundred day moving average price of $296.80.
Moog (NYSE:MOG.A – Get Free Report) last released its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.36 by $0.28. Moog had a return on equity of 16.11% and a net margin of 6.83%.The business had revenue of $1.05 billion during the quarter. During the same quarter in the prior year, the business earned $1.92 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts forecast that Moog will post 10.61 EPS for the current fiscal year.
Insider Activity
In related news, Director Brenda Reichelderfer sold 2,000 shares of Moog stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $312.27, for a total value of $624,540.00. Following the completion of the transaction, the director directly owned 2,585 shares in the company, valued at approximately $807,217.95. This trade represents a 43.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.
About Moog
Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles.