Zacks Investment Research upgraded shares of Moog Inc. (NYSE:MOG.A) from a hold rating to a buy rating in a research report report published on Tuesday, August 1st. The firm currently has $86.00 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. “
MOG.A has been the topic of several other research reports. Cowen and Company reissued a hold rating and set a $75.00 target price on shares of Moog in a research report on Friday, July 28th. ValuEngine raised shares of Moog from a hold rating to a buy rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $80.50.
Moog (NYSE:MOG.A) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.11 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $613.01 million. During the same quarter in the previous year, the firm earned $1.00 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.
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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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