Moog Inc. (MOG.A) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Moog Inc. (NYSE:MOG.A) from a sell rating to a hold rating in a research report released on Thursday.

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. “

Separately, TheStreet raised shares of Moog from a hold rating to a buy rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Moog has a consensus rating of Hold and a consensus target price of $70.25.

Moog (NYSE:MOG.A) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.12. The company had revenue of $613.26 million for the quarter, compared to analysts’ expectations of $639.26 million. Moog had a return on equity of 12.65% and a net margin of 5.04%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share.

About Moog

Moog Inc is a designer, manufacturer and integrator of precision motion control products and systems for a range of applications in aerospace and defense, and industrial markets. The Company’s systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications and medical equipment.

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