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

Zacks Investment Research upgraded shares of Moog Inc. (NYSE:MOG.A) from a hold rating to a buy rating in a research report released on Tuesday, August 1st. They currently have $86.00 target price 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 analysts have also recently weighed in on MOG.A. Cowen and Company reiterated a hold rating and issued a $75.00 price target on shares of Moog in a research report on Friday, July 28th. ValuEngine upgraded Moog from a hold rating to a buy rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $80.50.

Moog (NYSE:MOG.A) last released its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.23. The business had revenue of $626.20 million for the quarter, compared to analysts’ expectations of $613.01 million. Moog had a return on equity of 14.06% and a net margin of 5.50%. Moog’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share.

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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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