Moog (NYSE:MOG.A) Lifted to “Hold” at Zacks Investment Research

Moog (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, 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. “

MOG.A has been the topic of a number of other reports. Credit Suisse Group raised their price target on Moog from $86.00 to $98.00 and gave the company 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. Cowen reissued a “buy” rating and set a $110.00 price target on shares of Moog in a report on Friday, November 1st. Finally, ValuEngine raised Moog from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $104.33.

Shares of MOG.A opened at $86.93 on Friday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 17.01 and a beta of 1.62. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.50 and a current ratio of 2.24. Moog has a one year low of $71.68 and a one year high of $98.52. The stock’s fifty day moving average is $84.75 and its 200-day moving average is $85.72.

Moog (NYSE:MOG.A) last issued its quarterly earnings results on Friday, November 1st. The aerospace company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $765.20 million for the quarter, compared to analyst estimates of $740.49 million. Moog had a return on equity of 13.65% and a net margin of 6.19%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. Analysts forecast that Moog will post 5.55 EPS 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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