Moog (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.
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. “
A number of other brokerages have also recently weighed in on MOG.A. Credit Suisse Group boosted their price objective on shares of Moog from $86.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. SunTrust Banks cut shares of Moog from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. ValuEngine upgraded shares of Moog from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Cowen restated a “buy” rating and issued a $110.00 price objective on shares of Moog in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $101.75.
Shares of Moog stock traded down $0.56 on Friday, reaching $87.13. The stock had a trading volume of 110,246 shares, compared to its average volume of 135,529. The business’s 50-day moving average price is $83.47 and its two-hundred day moving average price is $86.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.56 and a current ratio of 2.24. Moog has a fifty-two week low of $71.68 and a fifty-two week high of $98.52. The stock has a market cap of $3.05 billion, a P/E ratio of 17.05 and a beta of 1.62.
Moog (NYSE:MOG.A) last issued its quarterly earnings data on Friday, November 1st. The aerospace company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.05. Moog had a net margin of 6.19% and a return on equity of 13.65%. The business had revenue of $765.20 million during the quarter, compared to analysts’ expectations of $740.49 million. During the same period in the previous year, the company earned $1.28 earnings per share. Moog’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities analysts forecast that Moog will post 5.55 earnings per share for the current fiscal 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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