Bank of America Upgrades Moog (MOG.A) to “Buy”

Bank of America upgraded shares of Moog (NYSE:MOG.A) from an underperform rating to a buy rating in a report issued on Wednesday morning, Marketbeat.com reports. The firm currently has $94.00 price objective on the aerospace company’s stock.

Several other analysts also recently commented on the company. ValuEngine downgraded Moog from a hold rating to a sell rating in a research note on Friday, October 12th. Cowen reaffirmed a buy rating and set a $110.00 price target on shares of Moog in a research report on Monday, July 30th. Zacks Investment Research raised Moog from a hold rating to a buy rating and set a $94.00 price target for the company in a research report on Thursday, September 27th. Finally, TheStreet raised Moog from a c+ rating to a b- rating in a research report on Wednesday, August 22nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $95.75.

NYSE:MOG.A traded up $4.03 on Wednesday, hitting $84.66. The stock had a trading volume of 5,426 shares, compared to its average volume of 117,285. The firm has a market cap of $2.83 billion, a P/E ratio of 18.52 and a beta of 1.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.26. Moog has a 52 week low of $68.37 and a 52 week high of $93.93.

Moog (NYSE:MOG.A) last issued its quarterly earnings data on Friday, November 2nd. The aerospace company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.18 by $0.10. The firm had revenue of $700.90 million during the quarter, compared to the consensus estimate of $689.00 million. Moog had a return on equity of 13.02% and a net margin of 3.56%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. On average, equities analysts forecast that Moog will post 5.32 earnings per share for the current fiscal year.

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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