Engility Holdings Upgraded by Zacks to “Neutral” (EGL)
Engility Holdings (NYSE:EGL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Wednesday. The firm currently has a $36.20 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 3.02% from the company’s current price.
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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $46.30.
Shares of Engility Holdings (NYSE:EGL) traded down 0.37% during mid-day trading on Wednesday, hitting $35.14. 46,523 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 has a 50-day moving average of $38.16 and a 200-day moving average of $40.83. The company has a market cap of $616.9 million and a P/E ratio of 13.99.
Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.79 earnings per share. Engility Holdings’s revenue was down 6.3% compared to the same quarter last year. Analysts expect that Engility Holdings will post $2.46 EPS for the current fiscal year.
Engility Holdings, Inc (NYSE:EGL) is a provider of systems engineering services, training, program management, and operational support for the United States Government worldwide.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.