Moog Inc (NYSE:MOG.A) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 330,200 shares, a drop of 30.6% from the August 30th total of 475,800 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 125,900 shares, the short-interest ratio is presently 2.6 days.
Several analysts have recently commented on MOG.A shares. Credit Suisse Group increased their price target on shares of Moog from $86.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. ValuEngine upgraded shares of Moog from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. SunTrust Banks lowered shares of Moog from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Cowen reiterated a “buy” rating and issued a $110.00 price target on shares of Moog in a research report on Friday, July 26th. Finally, Zacks Investment Research upgraded shares of Moog from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $101.75.
NYSE MOG.A traded up $1.85 during mid-day trading on Friday, reaching $82.76. 63,457 shares of the stock were exchanged, compared to its average volume of 137,678. Moog has a 1-year low of $68.37 and a 1-year high of $98.52. The business’s fifty day simple moving average is $82.72 and its 200 day simple moving average is $86.75. The stock has a market capitalization of $2.90 billion, a PE ratio of 18.11 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.56 and a current ratio of 2.33.
Moog (NYSE:MOG.A) last announced its quarterly earnings results on Friday, July 26th. The aerospace company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.04. The company had revenue of $741.00 million for the quarter, compared to analyst estimates of $731.78 million. Moog had a net margin of 6.14% and a return on equity of 13.89%. Moog’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $1.15 EPS. On average, analysts anticipate that Moog will post 5.07 EPS for the current year.
Moog Inc designs, manufactures, and integrates precision motion and fluid controls and systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids.
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