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Equities researchers at Maxim Group initiated coverage on shares of Engility Holdings (NYSE:EGL) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $42.00 price target on the stock. Maxim Group’s target price would indicate a potential upside of 21.04% from the company’s current price.

Engility Holdings (NYSE:EGL) opened at 34.70 on Wednesday. Engility Holdings has a one year low of $27.87 and a one year high of $46.25. The stock has a 50-day moving average of $36.54 and a 200-day moving average of $40.45. The company has a market cap of $611.4 million and a P/E ratio of 14.57.

Engility Holdings (NYSE:EGL) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.06. The company had revenue of $363.70 million for the quarter, compared to the consensus estimate of $360.51 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that Engility Holdings will post $2.29 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital cut their price target on shares of Engility Holdings from $50.00 to $45.00 in a research note on Friday, August 8th. Separately, analysts at Zacks upgraded shares of Engility Holdings from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $36.20 price target on the stock. Finally, 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $44.44.

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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