Moog Inc. (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, June 10th. The brokerage currently has a $82.00 target price 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. “
Separately, ValuEngine upgraded Moog from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Moog (NYSE:MOG.A) last announced its earnings results on Friday, April 28th. The aerospace company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $632.40 million for the quarter, compared to analysts’ expectations of $610.63 million. Moog had a return on equity of 13.96% and a net margin of 5.38%. Moog’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS.
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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