In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on Moog Inc (MOG.A), with a price target of $110. The company’s shares closed yesterday at $94.95, close to its 52-week high of $98.52.
According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 14.8% and a 71.6% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
Currently, the analyst consensus on Moog Inc is a Moderate Buy with an average price target of $110.
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Based on Moog Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $42.36 million. In comparison, last year the company had a net profit of $40.68 million.
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Moog, Inc. is a designer, manufacturer, and systems integrator of precision motion and fluid controls and systems for applications in aerospace and defense and industrial markets. It operates through the following segments: Aircraft Controls; Space and Defense Controls; and Industrial Systems.
