Moog’s (MOG.A) “Hold” Rating Reaffirmed at SunTrust Banks, Inc.
Moog Inc. (NYSE:MOG.A)‘s stock had its “hold” rating reaffirmed by investment analysts at SunTrust Banks, Inc. in a note issued to investors on Friday. They presently have a $87.00 price target on the aerospace company’s stock. SunTrust Banks, Inc.’s price target indicates a potential upside of 1.40% from the company’s current price.
Other equities analysts have also recently issued reports about the company. ValuEngine upgraded Moog from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Moog from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, August 1st. Finally, Cowen and Company reiterated a “hold” rating on shares of Moog in a research note on Friday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Moog currently has a consensus rating of “Hold” and an average price target of $82.67.
Moog (NYSE MOG.A) opened at $85.80 on Friday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 22.28 and a beta of 1.85. Moog has a fifty-two week low of $55.35 and a fifty-two week high of $89.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.18 and a quick ratio of 1.51.
Moog (NYSE:MOG.A) last released its quarterly earnings results on Friday, November 3rd. The aerospace company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.12. The firm had revenue of $649.30 million during the quarter, compared to analysts’ expectations of $616.72 million. Moog had a return on equity of 14.06% and a net margin of 5.50%. Moog’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 EPS. equities analysts forecast that Moog will post 3.77 earnings per share for the current year.
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A hedge fund recently bought a new stake in Moog stock. Acadian Asset Management purchased a new position in shares of Moog Inc. (NYSE:MOG.A) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 20,218 shares of the aerospace company’s stock, valued at approximately $1,226,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.
Moog Company Profile
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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