Engility Holdings, Inc. (NYSE:EGL)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a report released on Friday. They currently have a $37.00 price target on the aerospace company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 5.80% from the company’s previous close.

Several other research analysts have also recently weighed in on EGL. Noble Financial cut Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Engility Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Cowen and Company set a $36.00 price objective on Engility Holdings and gave the stock a “hold” rating in a research report on Thursday, August 3rd. FBR & Co reissued a “buy” rating and issued a $40.00 price objective on shares of Engility Holdings in a research report on Saturday, August 19th. Finally, Zacks Investment Research raised Engility Holdings from a “sell” rating to a “hold” rating and set a $35.00 price objective on the stock in a research report on Monday, August 7th. 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 stock. Engility Holdings has a consensus rating of “Hold” and a consensus price target of $35.67.

Shares of Engility Holdings (EGL) opened at 34.97 on Friday. The firm has a market cap of $1.29 billion, a P/E ratio of 286.64 and a beta of 2.06. The firm’s 50-day moving average price is $31.51 and its 200 day moving average price is $29.23. Engility Holdings has a one year low of $25.70 and a one year high of $39.16.

Engility Holdings (NYSE:EGL) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $504.44 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was down 7.6% on a year-over-year basis. Analysts predict that Engility Holdings will post ($0.29) EPS for the current year.

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In other news, Director William G. Tobin sold 3,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $30.82, for a total transaction of $92,460.00. Following the transaction, the director now owns 6,290 shares of the company’s stock, valued at approximately $193,857.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas O. Miiller sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total value 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 disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan lifted its position in shares of Engility Holdings by 1.6% during the 3rd 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 lifted its position in shares of Engility Holdings by 1.4% during the 1st 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 lifted its position in shares of Engility Holdings by 1.1% during the 1st 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 lifted its position in shares of Engility Holdings by 0.8% during the 2nd 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 lifted its position in shares of Engility Holdings by 1.0% during the 1st 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. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Engility Holdings (NYSE:EGL)

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