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Engility Holdings (NYSE:EGL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday. They currently have a $36.30 price target on the stock. Zacks‘s price target indicates a potential downside of 8.52% from the stock’s previous close.

Shares of Engility Holdings (NYSE:EGL) traded up 3.71% during mid-day trading on Tuesday, hitting $39.68. 123,128 shares of the company’s stock traded hands. Engility Holdings has a 52-week low of $27.87 and a 52-week high of $46.25. The stock’s 50-day moving average is $39.54 and its 200-day moving average is $40.48. The company has a market cap of $696.6 million and a price-to-earnings ratio of 15.18.

Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.12. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $367.30 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts expect that Engility Holdings will post $2.46 EPS for the current fiscal year.

Separately, analysts at Noble Financial initiated coverage on shares of Engility Holdings in a research note on Monday, June 23rd. They set a “buy” rating and a $49.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $46.33.

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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