Engility Holdings, Inc. (EGL) Receives Consensus Recommendation of “Hold” from Brokerages
Engility Holdings, Inc. (NYSE:EGL) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $35.60.
A number of research firms have recently weighed in on EGL. ValuEngine lowered Engility Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded Engility Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Noble Financial restated a “buy” rating on shares of Engility Holdings in a report on Friday, August 4th. Cowen and Company restated a “hold” rating and issued a $36.00 target price on shares of Engility Holdings in a report on Monday, May 15th. Finally, Zacks Investment Research lowered Engility Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 17th.
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Engility Holdings (NYSE EGL) traded down 0.52% during midday trading on Friday, reaching $30.34. 52,481 shares of the company were exchanged. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 248.69 and a beta of 2.10. Engility Holdings has a 52-week low of $25.70 and a 52-week high of $39.16. The firm’s 50-day moving average price is $29.34 and its 200 day moving average price is $28.96.
Engility Holdings (NYSE:EGL) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. Engility Holdings had a return on equity of 11.49% and a net margin of 0.22%. The firm had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $504.44 million. During the same quarter last year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities analysts predict that Engility Holdings will post ($0.29) earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Engility Holdings during the fourth quarter worth approximately $8,977,000. Teachers Advisors LLC raised its stake in shares of Engility Holdings by 24.7% in the fourth quarter. Teachers Advisors LLC now owns 35,859 shares of the aerospace company’s stock worth $1,208,000 after buying an additional 7,107 shares during the period. Alpha Windward LLC raised its stake in shares of Engility Holdings by 16.3% in the first quarter. Alpha Windward LLC now owns 15,420 shares of the aerospace company’s stock worth $446,000 after buying an additional 2,160 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of 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 worth $208,000 after buying an additional 100 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Engility Holdings by 1.9% in the first quarter. Russell Investments Group Ltd. now owns 38,012 shares of the aerospace company’s stock worth $1,100,000 after buying an additional 724 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.
About Engility Holdings
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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