Engility Holdings, Inc. (NYSE:EGL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Engility Holdings, Inc. is engaged in providing government services in engineering, professional support and mission support to customers in the U.S. Department of Defense, Federal civilian agencies and allied foreign governments. Its core offerings include SETA Support, Professional Services, Education and Training, Operational Support, Logistics, International Capacity Development and Linguistics. Engility Holdings, Inc. is headquartered in Chantilly, VA. “

Several other analysts also recently commented on the stock. Noble Financial reaffirmed a “buy” rating on shares of Engility Holdings in a research report on Friday. Maxim Group reaffirmed a “hold” rating on shares of Engility Holdings in a research report on Thursday. Cowen and Company set a $36.00 price target on shares of Engility Holdings and gave the company a “hold” rating in a research report on Thursday. ValuEngine downgraded shares of Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Engility Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Engility Holdings has an average rating of “Hold” and an average price target of $35.60.

Engility Holdings (NYSE EGL) traded down 1.96% on Monday, hitting $30.98. 68,142 shares of the stock traded hands. The stock has a 50-day moving average price of $28.75 and a 200 day moving average price of $28.95. The company’s market cap is $1.14 billion. Engility Holdings has a 1-year low of $25.70 and a 1-year high of $39.16.

Engility Holdings (NYSE:EGL) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. The company had revenue of $494.70 million during the quarter, compared to the consensus estimate of $504.44 million. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. On average, analysts anticipate that Engility Holdings will post ($0.29) EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan increased its stake in Engility Holdings by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the aerospace company’s stock valued at $121,000 after buying an additional 60 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Engility Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the aerospace company’s stock valued at $208,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its stake in Engility Holdings by 1.1% in the first quarter. Arizona State Retirement System now owns 9,180 shares of the aerospace company’s stock valued at $266,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund increased its stake in Engility Holdings by 0.8% in the second quarter. Texas Permanent School Fund now owns 12,887 shares of the aerospace company’s stock valued at $366,000 after buying an additional 106 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Engility Holdings by 1.0% in the first quarter. Wells Fargo & Company MN now owns 13,104 shares of the aerospace company’s stock valued at $379,000 after buying an additional 135 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Engility Holdings (NYSE:EGL)

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