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Engility Holdings (NYSE:EGL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Stock Ratings News reports. The firm currently has a $42.30 target price on the stock. Zacks‘ target price points to a potential upside of 5.78% from the stock’s previous close.

Shares of Engility Holdings (NYSE:EGL) traded down 0.68% during mid-day trading on Friday, hitting $39.72. The stock had a trading volume of 69,396 shares. Engility Holdings has a 52 week low of $18.31 and a 52 week high of $40.35. The stock’s 50-day moving average is $34.13 and its 200-day moving average is $32.46. The company has a market cap of $684.5 million and a P/E ratio of 8.69.

Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.15. The company had revenue of $339.30 million for the quarter, compared to the consensus estimate of $373.80 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was down 16.1% on a year-over-year basis. On average, analysts predict that Engility Holdings will post $2.95 earnings per share for the current fiscal year.

A number of other firms have also recently commented on EGL. Analysts at TheStreet upgraded shares of Engility Holdings to a “hold” rating in a research note to investors on Tuesday, January 7th. Analysts at CRT Capital upgraded shares of Engility Holdings from a “fair value” rating to a “buy” rating in a research note to investors on Tuesday, December 24th. They now have a $40.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.77.

Engility Holdings, Inc (NYSE:EGL) is a provider of systems engineering services, training, program management, and operational support for the United States Government worldwide.

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