Moog Inc. (MOG.A) Rating Increased to Hold at Zacks Investment Research
Moog Inc. (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
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. “
Separately, TheStreet upgraded shares of Moog from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.25.
Moog (NYSE:MOG.A) last announced its earnings results on Friday, July 29th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. The business earned $613.26 million during the quarter, compared to the consensus estimate of $639.26 million. Moog had a net margin of 5.04% and a return on equity of 12.65%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share.
Moog Company Profile
Moog Inc is a designer, manufacturer and integrator of precision motion control products and systems for a range of applications in aerospace and defense, and industrial markets. The Company’s systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications and medical equipment.
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