Moog Inc (MOG.A) Upgraded to “Buy” at Zacks Investment Research
Moog Inc (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $75.00 price objective on the aerospace company’s stock.
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. “
Moog (NYSE:MOG.A) last posted its earnings results on Friday, April 28th. The aerospace company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02. The company had revenue of $632.40 million during the quarter, compared to the consensus estimate of $610.63 million. Moog had a net margin of 5.39% and a return on equity of 13.88%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share.
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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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