Engility Holdings’ (EGL) “Buy” Rating Reaffirmed at FBR & Co
Engility Holdings, Inc. (NYSE:EGL)‘s stock had its “buy” rating restated by FBR & Co in a report issued on Saturday. They currently have a $40.00 target price on the aerospace company’s stock. FBR & Co’s price objective would suggest a potential upside of 35.96% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Noble Financial restated a “buy” rating on shares of Engility Holdings in a report on Friday, August 4th. BidaskClub upgraded shares of Engility Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Cowen and Company reiterated a “hold” rating on shares of Engility Holdings in a report on Tuesday, July 11th. Maxim Group reiterated a “hold” rating on shares of Engility Holdings in a report on Thursday, August 3rd. Finally, ValuEngine cut shares of Engility Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $35.40.
Shares of Engility Holdings (NYSE:EGL) traded down 0.64% during midday trading on Friday, hitting $29.42. 76,545 shares of the stock were exchanged. The stock has a market cap of $1.08 billion, a P/E ratio of 241.15 and a beta of 2.10. Engility Holdings has a 12 month low of $25.70 and a 12 month high of $39.16. The firm has a 50 day moving average of $29.73 and a 200-day moving average of $28.94.
Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. The firm had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $504.44 million. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. Equities research analysts anticipate that Engility Holdings will post ($0.29) EPS for the current year.
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In other Engility Holdings news, SVP Thomas O. Miiller sold 8,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total transaction of $248,480.00. Following the transaction, the senior vice president now directly owns 14,637 shares in the company, valued at approximately $454,625.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in shares of Engility Holdings by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 15,046 shares of the aerospace company’s stock valued at $427,000 after buying an additional 248 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Engility Holdings by 56.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 18,401 shares of the aerospace company’s stock valued at $514,000 after buying an additional 6,668 shares during the last quarter. State Street Corp boosted its position in shares of Engility Holdings by 10.8% in the second quarter. State Street Corp now owns 614,380 shares of the aerospace company’s stock valued at $17,445,000 after buying an additional 59,779 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Engility Holdings by 14.7% in the second quarter. Voya Investment Management LLC now owns 9,539 shares of the aerospace company’s stock valued at $271,000 after buying an additional 1,219 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in shares of Engility Holdings during the second quarter valued at about $206,000. Institutional investors own 91.70% 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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