Moog Inc. (NYSE:MOG.A) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Moog Inc. (NYSE:MOG.A) from a buy rating to a hold rating in a report published on Tuesday, October 17th.

According to Zacks, “Moog, Inc. is a designer, manufacturer and integrator of precision motion, fluid controls and systems for applications in aerospace, defense and industrial markets. It operates through five segments: Aircraft Controls, Space and Defense Controls, Industrial Systems, Components and Medical Devices. The Aircraft Controls segment designs, manufactures and integrates primary and secondary flight controls for military and commercial aircraft and provides aftermarket support. The Space and Defense Controls segment provides controls for satellites and space vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance. The Industrial Systems segment designs and manufactures electric pitch controls and blade monitoring systems for wind turbines and also supplies electromechanical motion simulation bases. Its Components segment offers slip rings, fiber optic rotary joints and handpieces product line. Its Medical Devices segment focuses on infusion therapy & enteral clinical nutrition. “

Several other equities analysts have also weighed in on MOG.A. ValuEngine lowered shares of Moog from a buy rating to a hold rating in a report on Monday, October 2nd. Cowen and Company reiterated a hold rating and set a $75.00 price objective on shares of Moog in a report on Friday, July 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $80.50.

Moog (NYSE:MOG.A) last released its earnings results on Friday, July 28th. The aerospace company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.23. The business had revenue of $626.20 million for the quarter, compared to analyst estimates of $613.01 million. Moog had a net margin of 5.50% and a return on equity of 14.06%. Moog’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 earnings per share.

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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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