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

Stock analysts at JPMorgan Chase & Co. assumed coverage on shares of Moog (NYSE:MOG.A) in a research note issued to investors on Monday, MarketBeat reports. The brokerage set an “overweight” rating and a $520.00 price target on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 28.44% from the stock’s previous close.

Several other equities analysts have also commented on MOG.A. TD Cowen upped their price objective on shares of Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Truist Financial upgraded shares of 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 two have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $485.00.

Moog Trading Up 2.2%

NYSE MOG.A opened at $404.86 on Monday. The firm’s 50-day moving average is $380.12 and its two-hundred day moving average is $332.19. Moog has a 12 month low of $176.27 and a 12 month high of $430.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12. The stock has a market capitalization of $12.83 billion, a P/E ratio of 45.54 and a beta of 0.96.

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

Insider Transactions at Moog

In other news, Director Janet M. Coletti sold 604 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $379.66, for a total transaction of $229,314.64. Following the sale, the director owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Scannell sold 3,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $373.58, for a total transaction of $1,120,740.00. Following the sale, the director directly owned 33,540 shares in the company, valued at $12,529,873.20. This represents a 8.21% decrease in their position. The SEC filing for this sale provides additional information. Company 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.