Cowen and Company Reiterates “Hold” Rating for Moog Inc. (MOG.A)
Moog Inc. (NYSE:MOG.A)‘s stock had its “hold” rating reissued by investment analysts at Cowen and Company in a research report issued to clients and investors on Friday. They currently have a $75.00 price objective on the aerospace company’s stock.
The analysts wrote, “Investors should receive Moog’s Q3 beat and raise well, as solid ops were aided by.””
A number of other analysts have also recently commented on MOG.A. Zacks Investment Research cut shares of Moog from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. ValuEngine raised shares of Moog from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $77.00.
Moog (NYSE:MOG.A) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.23. The company had revenue of $626.20 million during the quarter, compared to the consensus estimate of $613.01 million. Moog had a net margin of 5.38% and a return on equity of 13.96%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 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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