Engility Holdings, Inc. (EGL) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Engility Holdings, Inc. (NYSE:EGL) have earned an average recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $34.75.
A number of analysts have recently commented on the company. ValuEngine cut Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Maxim Group restated a “hold” rating on shares of Engility Holdings in a research report on Thursday, August 3rd. FBR & Co restated a “buy” rating and issued a $40.00 price objective on shares of Engility Holdings in a research report on Saturday, August 19th. Noble Financial restated a “buy” rating on shares of Engility Holdings in a research report on Friday, August 4th. Finally, Cowen and Company set a $36.00 price objective on Engility Holdings and gave the company a “hold” rating in a research report on Thursday, October 19th.
In related news, Director William G. Tobin sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 6,290 shares in the company, valued at $193,857.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas O. Miiller sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $31.06, for a total value of $248,480.00. Following the sale, the senior vice president now owns 14,637 shares of the company’s stock, valued at $454,625.22. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC increased its position in shares of Engility Holdings by 10.1% during the third quarter. Aperio Group LLC now owns 15,819 shares of the aerospace company’s stock worth $549,000 after purchasing an additional 1,456 shares in the last quarter. First Trust Advisors LP increased its position in shares of Engility Holdings by 48.2% during the third quarter. First Trust Advisors LP now owns 23,412 shares of the aerospace company’s stock worth $812,000 after purchasing an additional 7,613 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Engility Holdings by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 15,046 shares of the aerospace company’s stock worth $427,000 after purchasing an additional 248 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Engility Holdings by 56.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 18,401 shares of the aerospace company’s stock worth $514,000 after purchasing an additional 6,668 shares in the last quarter. Finally, State Street Corp increased its position in shares of Engility Holdings by 10.8% during the second quarter. State Street Corp now owns 614,380 shares of the aerospace company’s stock worth $17,445,000 after purchasing an additional 59,779 shares in the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.
Engility Holdings (EGL) traded down 3.63% on Thursday, reaching $33.15. The company’s stock had a trading volume of 79,609 shares. Engility Holdings has a 12-month low of $25.70 and a 12-month high of $39.16. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 271.72 and a beta of 2.06. The firm has a 50-day moving average of $33.13 and a 200 day moving average of $29.90.
Engility Holdings (NYSE:EGL) last posted 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. The business had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $504.44 million. Engility Holdings had a return on equity of 11.49% and a net margin of 0.22%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. On average, equities research analysts anticipate that Engility Holdings will post ($0.29) EPS for the current fiscal year.
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.
Receive News & Ratings for Engility Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Engility Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.