Moog Inc. (MOG.A) Upgraded by Zacks Investment Research to “Hold”
Moog Inc. (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
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. “
Separately, TheStreet raised Moog from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $70.25.
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Moog (NYSE:MOG.A) last released its quarterly earnings results on Friday, July 29th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $613.26 million for the quarter, compared to analysts’ expectations of $639.26 million. Moog had a net margin of 5.04% and a return on equity of 12.65%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share.
Moog Inc is a designer, manufacturer and integrator of precision motion control products and systems for a range of applications in aerospace and defense, and industrial markets. The Company’s systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications and medical equipment.
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