FBR & Co Raises Engility Holdings Inc. (EGL) Price Target to $35.00
Engility Holdings Inc. (NYSE:EGL) had its price objective increased by analysts at FBR & Co from $25.00 to $35.00 in a research note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. FBR & Co’s target price points to a potential upside of 15.13% from the company’s previous close.
A number of other research firms have also weighed in on EGL. SunTrust Banks Inc. assumed coverage on shares of Engility Holdings in a research report on Thursday, July 21st. They issued a “buy” rating and a $30.00 price objective for the company. Zacks Investment Research downgraded shares of Engility Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Cowen and Company assumed coverage on shares of Engility Holdings in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $27.00 target price for the company. Jefferies Group restated a “buy” rating and issued a $25.00 target price on shares of Engility Holdings in a report on Friday, May 6th. Finally, Paradigm Capital downgraded shares of Engility Holdings from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $31.00.
Shares of Engility Holdings (NYSE:EGL) traded down 2.84% during midday trading on Tuesday, hitting $30.40. 45,762 shares of the stock were exchanged. Engility Holdings has a 12-month low of $11.46 and a 12-month high of $35.92. The firm’s market cap is $1.12 billion. The firm has a 50 day moving average of $30.72 and a 200 day moving average of $25.13.
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Engility Holdings (NYSE:EGL) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The business earned $535 million during the quarter, compared to analyst estimates of $519.69 million. Engility Holdings had a negative net margin of 10.89% and a positive return on equity of 9.03%. The company’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities analysts forecast that Engility Holdings will post ($0.44) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. BlackRock Group LTD increased its stake in Engility Holdings by 8.8% in the first quarter. BlackRock Group LTD now owns 26,491 shares of the company’s stock valued at $497,000 after buying an additional 2,135 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Engility Holdings by 0.7% in the first quarter. Prudential Financial Inc. now owns 185,667 shares of the company’s stock valued at $3,483,000 after buying an additional 1,200 shares during the period. Norges Bank purchased a new position in shares of Engility Holdings during the fourth quarter valued at $8,777,000. Pioneer Investment Management Inc. purchased a new position in shares of Engility Holdings during the fourth quarter valued at $1,701,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Engility Holdings by 53.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 76,897 shares of the company’s stock valued at $2,498,000 after buying an additional 26,717 shares during the period. Institutional investors own 95.38% of the company’s stock.
Engility Holdings Company Profile
Engility Holdings, Inc (Engility) is a provider of systems engineering services, training, program management, and operational support for the United States Government worldwide. The Company’s business is focused on providing a range of engineering, technical, analytical, advisory, training, logistics and support services.
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