Analysts Set Engility Holdings Inc. (NYSE:EGL) PT at $31.00
Shares of Engility Holdings Inc. (NYSE:EGL) have earned a consensus recommendation of “Buy” from the eleven analysts that are covering the company. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $31.00.
A number of analysts have recently commented on the company. TheStreet upgraded Engility Holdings from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Zacks Investment Research upgraded Engility Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a report on Tuesday, July 26th. Cowen and Company downgraded Engility Holdings from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a report on Wednesday, August 17th. Stifel Nicolaus upped their price objective on Engility Holdings from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, Jefferies Group upped their price objective on Engility Holdings from $27.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, August 5th.
Shares of Engility Holdings (NYSE:EGL) opened at 31.51 on Tuesday. The firm’s market cap is $1.16 billion. The stock’s 50 day moving average price is $30.71 and its 200-day moving average price is $24.53. Engility Holdings has a 52-week low of $11.46 and a 52-week high of $35.92.
Engility Holdings (NYSE:EGL) last released its quarterly earnings data on Monday, August 1st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business earned $535 million during the quarter, compared to the consensus estimate of $519.69 million. Engility Holdings had a positive return on equity of 9.03% and a negative net margin of 10.89%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that Engility Holdings will post ($0.44) earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in shares of Engility Holdings by 1,204.2% in the second quarter. Nisa Investment Advisors LLC now owns 4,982 shares of the company’s stock valued at $105,000 after buying an additional 4,600 shares in the last quarter. Barclays PLC boosted its position in Engility Holdings by 999.2% in the second quarter. Barclays PLC now owns 5,617 shares of the company’s stock worth $118,000 after buying an additional 5,106 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in Engility Holdings during the second quarter worth $159,000. Strs Ohio purchased a new position in Engility Holdings during the second quarter worth $168,000. Finally, Zacks Investment Management purchased a new position in Engility Holdings during the second quarter worth $201,000. Hedge funds and other institutional investors own 95.38% 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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