Moog (NYSE:MOG.A) Lowered to Sell at ValuEngine

ValuEngine lowered shares of Moog (NYSE:MOG.A) from a hold rating to a sell rating in a research report sent to investors on Friday morning, ValuEngine reports.

A number of other analysts have also issued reports on MOG.A. Zacks Investment Research upgraded Moog from a sell rating to a hold rating in a report on Tuesday, October 1st. Credit Suisse Group increased their price objective on Moog from $86.00 to $98.00 and gave the stock a neutral rating in a report on Monday, July 29th. SunTrust Banks lowered Moog from a buy rating to a hold rating in a report on Monday, July 29th. Finally, Cowen reiterated a buy rating and set a $110.00 price objective on shares of Moog in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $101.75.

Shares of MOG.A traded up $1.85 during mid-day trading on Friday, reaching $82.76. The company’s stock had a trading volume of 63,457 shares, compared to its average volume of 125,634. The business has a fifty day moving average of $82.72 and a 200 day moving average of $86.75. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 15.81 and a beta of 1.64. Moog has a 1 year low of $68.37 and a 1 year high of $98.52. The company has a quick ratio of 1.56, a current ratio of 2.33 and a debt-to-equity ratio of 0.61.

Moog (NYSE:MOG.A) last released its earnings results on Friday, July 26th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.04. The company had revenue of $741.00 million during the quarter, compared to analyst estimates of $731.78 million. Moog had a return on equity of 13.89% and a net margin of 6.14%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 earnings per share. On average, analysts predict that Moog will post 5.07 earnings per share for the current year.

About Moog

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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