Moog (NYSE:MOG.A) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of Moog (NYSE:MOG.A) from a hold rating to a sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Moog Inc is a designer, manufacturer, and integrator of precision motion control products and solutions. Moog Inc high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications, and medical equipment. Moog Inc world-class product lines in servo and proportional valves, servo motors and drives, servo actuators, motion systems, controllers and software, and slip rings for data and power transmission provide the highest performance for hydraulic, electric, and hybrid systems. Moog Inc motion control technology enhances performance in a variety of markets and applications, from commercial aircraft cockpits, to power-generation turbines, to Formula One racing, to medical infusion systems. Moog Inc supports talented people, allowing them to approach their work with energy, enthusiasm, and the promise of success. “

Several other equities research analysts have also weighed in on the company. ValuEngine lowered Moog from a hold rating to a sell rating in a research note on Friday, October 11th. SunTrust Banks lowered Moog from a buy rating to a hold rating in a research note on Monday, July 29th. Credit Suisse Group raised their price objective on Moog from $86.00 to $98.00 and gave the stock a neutral rating in a research note on Monday, July 29th. Finally, Cowen reissued a buy rating and set a $110.00 price objective on shares of Moog in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Moog has a consensus rating of Hold and an average price target of $101.75.

MOG.A traded down $0.45 during trading hours on Wednesday, hitting $83.01. The company’s stock had a trading volume of 133,900 shares, compared to its average volume of 135,552. Moog has a fifty-two week low of $68.37 and a fifty-two week high of $98.52. The company has a current ratio of 2.33, a quick ratio of 1.56 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.92 billion, a PE ratio of 18.22 and a beta of 1.64. The company has a 50-day simple moving average of $83.38 and a 200 day simple moving average of $86.56.

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