Moog (NYSE:MOG.A) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Moog (NYSE:MOG.A) in a research note released on Monday, MarketBeat.com reports. The brokerage issued an overweight rating and a $520.00 price target on the aerospace company’s stock.

MOG.A has been the topic of a number of other reports. TD Cowen raised their price target on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Truist Financial upgraded Moog to a “strong-buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $485.00.

Moog Stock Performance

NYSE:MOG.A opened at $396.13 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.68. The company has a fifty day moving average of $378.18 and a two-hundred day moving average of $331.06. The stock has a market capitalization of $12.55 billion, a PE ratio of 44.56 and a beta of 0.96. Moog has a fifty-two week low of $176.27 and a fifty-two week high of $430.52.

Moog (NYSE:MOG.A) last announced its earnings results on Friday, April 24th. The aerospace company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.28. The business had revenue of $1.05 billion for the quarter. Moog had a net margin of 6.83% and a return on equity of 16.11%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.92 EPS. As a group, research analysts forecast that Moog will post 10.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Moog

In other news, Director Janet M. Coletti sold 604 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $379.66, for a total transaction of $229,314.64. Following the completion of the sale, the director owned 6,145 shares of the company’s stock, valued at $2,333,010.70. This represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Scannell sold 3,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $373.58, for a total transaction of $1,120,740.00. Following the completion of the sale, the director owned 33,540 shares of the company’s stock, valued at $12,529,873.20. This trade represents a 8.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.46% of the company’s stock.

Moog Company Profile

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.