Zacks Investment Research Upgrades Moog (MOG.A) to Buy

Moog (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage currently has a $94.00 price objective on the aerospace company’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.59% from the company’s current price.

According to Zacks, “Moog Inc is a designer, manufacturer, and integrator of precision motion control products and solutions. Moog Inc high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications, and medical equipment. Moog Inc world-class product lines in servo and proportional valves, servo motors and drives, servo actuators, motion systems, controllers and software, and slip rings for data and power transmission provide the highest performance for hydraulic, electric, and hybrid systems. Moog Inc motion control technology enhances performance in a variety of markets and applications, from commercial aircraft cockpits, to power-generation turbines, to Formula One racing, to medical infusion systems. Moog Inc supports talented people, allowing them to approach their work with energy, enthusiasm, and the promise of success. “

MOG.A has been the topic of several other reports. TheStreet raised Moog from a “c+” rating to a “b-” rating in a report on Wednesday, August 22nd. ValuEngine raised Moog from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Cowen reaffirmed a “buy” rating and set a $110.00 price objective on shares of Moog in a report on Monday, July 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $94.00.

NYSE MOG.A opened at $85.00 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.26. Moog has a 12 month low of $71.56 and a 12 month high of $93.93. The company has a market capitalization of $2.98 billion, a P/E ratio of 21.79 and a beta of 1.69.

Moog (NYSE:MOG.A) last posted its quarterly earnings results on Friday, July 27th. The aerospace company reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.01. Moog had a return on equity of 12.55% and a net margin of 3.56%. The company had revenue of $692.02 million for the quarter, compared to analysts’ expectations of $683.10 million. During the same period in the previous year, the firm earned $1.11 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. equities analysts forecast that Moog will post 4.44 earnings per share for the current year.

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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