Moog Inc. (MOG.A) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Moog Inc. (NYSE:MOG.A) from a hold rating to a buy rating in a report published on Tuesday. Zacks Investment Research currently has $86.00 price target on the aerospace company’s stock.
According to Zacks, “MOOG, is a worldwide manufacturer of precision control components and systems. Moog actuation devices control high-performance aircraft, strategic and tactical missiles and automated industrial machinery. Products include flight control servoactuators for use on aircraft, propulsion system components, special purpose pumps and filter assemblies, thermal management controls for space stations, pneumatic components and systems, radio control systems, brushless electric servomotors, and controls for industrial automation equipment. “
Other equities analysts also recently issued reports about the stock. Cowen and Company reaffirmed a hold rating and issued a $75.00 target price on shares of Moog in a research note on Friday, July 28th. ValuEngine raised shares of Moog from a hold rating to a buy rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $80.50.
Moog (NYSE:MOG.A) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.23. Moog had a net margin of 5.50% and a return on equity of 14.06%. The firm had revenue of $626.20 million during the quarter, compared to the consensus estimate of $613.01 million. During the same period last year, the firm posted $1.00 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis.
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Moog Company Profile
Moog Inc is a designer, manufacturer and integrator of precision motion and fluid controls and systems for a range of applications in aerospace and defense and industrial markets. The Company has five segments: Aircraft Controls, Space and Defense Controls, Industrial Systems, Components and Medical Devices.
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