Moog Inc. (NYSE: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 issued on Tuesday morning. Zacks Investment Research currently has $86.00 price objective 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. “
A number of other equities analysts have also recently weighed in on MOG.A. ValuEngine raised shares of Moog from a hold rating to a buy rating in a research report on Friday, June 2nd. Cowen and Company reissued a hold rating and issued a $75.00 price objective on shares of Moog in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Moog has an average rating of Buy and a consensus price target 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 for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $613.01 million. During the same period in the prior year, the company earned $1.00 EPS. The firm’s revenue was up 2.1% on a year-over-year basis.
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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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