Moog (NYSE:MOG.A) Lowered to “Sell” at ValuEngine

Moog (NYSE:MOG.A) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, ValuEngine reports.

Several other research analysts have also issued reports on MOG.A. Zacks Investment Research lowered shares of Moog from a “hold” rating to a “sell” rating in a research report on Thursday. Credit Suisse Group lifted their price target on shares of Moog from $86.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. SunTrust Banks lowered shares of Moog from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Cowen restated a “buy” rating and issued a $110.00 price target on shares of Moog in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Moog presently has a consensus rating of “Hold” and a consensus price target of $101.75.

Moog stock traded down $1.65 during mid-day trading on Thursday, hitting $78.00. The company’s stock had a trading volume of 173,257 shares, compared to its average volume of 120,271. The company has a quick ratio of 1.56, a current ratio of 2.33 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.72 billion, a PE ratio of 17.07 and a beta of 1.66. Moog has a twelve month low of $68.37 and a twelve month high of $98.52. The firm’s fifty day simple moving average is $90.24.

Moog (NYSE:MOG.A) last posted its quarterly earnings results on Friday, July 26th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.04. The firm had revenue of $741.00 million for the quarter, compared to analyst estimates of $731.78 million. Moog had a net margin of 6.14% and a return on equity of 13.89%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 earnings per share. As a group, analysts anticipate that Moog will post 5.07 earnings per share for the current year.

Moog Company Profile

Moog Inc designs, manufactures, and integrates precision motion and fluid controls and systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids.

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