Moog Inc. (NYSE:MOG.A) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Moog Inc. (NYSE:MOG.A) from a hold rating to a buy rating in a report issued on Tuesday, August 1st. They currently have $86.00 price objective on the aerospace company’s stock.

According to Zacks, “MOOG, is a worldwide manufacturer of precision control components and systems. Moog actuation devices control high-performance aircraft, strategic and tactical missiles and automated industrial machinery. Products include flight control servoactuators for use on aircraft, propulsion system components, special purpose pumps and filter assemblies, thermal management controls for space stations, pneumatic components and systems, radio control systems, brushless electric servomotors, and controls for industrial automation equipment. “

A number of other research firms also recently weighed in on MOG.A. ValuEngine upgraded Moog from a hold rating to a buy rating in a research note on Friday, June 2nd. Cowen and Company restated a hold rating and issued a $75.00 price target on shares of Moog in a research note on Friday, July 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $80.50.

Moog (NYSE:MOG.A) last announced its earnings results on Friday, July 28th. The aerospace company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.23. Moog had a return on equity of 14.06% and a net margin of 5.50%. The business had revenue of $626.20 million for the quarter, compared to analyst estimates of $613.01 million. During the same quarter last year, the firm earned $1.00 EPS. Moog’s revenue for the quarter was up 2.1% compared to the same quarter last year.

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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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