Cowen & Co. Reiterates Their Hold Rating on Moog Inc

By Carrie Williams

In a report released today, Cai Rumohr from Cowen & Co. reiterated a Hold rating on Moog Inc (NYSE: MOG.A). The company’s shares closed on Friday at $76.81, close to its 52-week high of $77.60.

Rumohr noted:

“Solid Q3 plus selective signs of firming demand suggest potential for a 7-10% EPS.”

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 13.9% and a 75.8% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Lockheed Martin Corp, and Transdigm Group Inc.

Moog Inc has an analyst consensus of Hold.

Based on Moog Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $627 million and quarterly net profit of $40.09 million. In comparison, last year the company earned revenue of $613 million and had a net profit of $36.31 million.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock.

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Moog, Inc. is a designer, manufacturer and integrator of precision motion, fluid controls and systems for applications in aerospace, defense and industrial markets. It operates through five segments: Aircraft Controls, Space and Defense Controls, Industrial Systems, and Components.