Moog Inc. (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The firm presently has a $79.00 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. “
Separately, ValuEngine upgraded Moog from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Moog (NYSE:MOG.A) last announced its quarterly earnings results on Friday, April 28th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.02. The company had revenue of $632.40 million during the quarter, compared to analysts’ expectations of $610.63 million. Moog had a return on equity of 13.96% and a net margin of 5.38%. Moog’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share.
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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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