Cowen and Company Reiterates Hold Rating for Engility Holdings, Inc. (EGL)
Several other brokerages have also weighed in on EGL. Vertical Research began coverage on Engility Holdings in a report on Thursday, March 16th. They set a hold rating and a $31.00 price objective for the company. TheStreet raised Engility Holdings from a d+ rating to a c- rating in a report on Tuesday, March 21st. Noble Financial reissued a buy rating on shares of Engility Holdings in a report on Saturday, May 6th. Finally, BidaskClub raised Engility Holdings from a hold rating to a buy rating in a report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $35.60.
Shares of Engility Holdings (NYSE EGL) opened at 31.60 on Tuesday. Engility Holdings has a 1-year low of $25.70 and a 1-year high of $39.16. The company’s market capitalization is $1.16 billion. The company has a 50-day moving average price of $28.75 and a 200 day moving average price of $28.95.
Engility Holdings (NYSE:EGL) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share for the quarter, beating the 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 during the quarter, compared to analyst estimates of $504.44 million. During the same period in the prior year, the company earned $0.34 earnings per share. Engility Holdings’s revenue was down 7.6% compared to the same quarter last year. Equities research analysts anticipate that Engility Holdings will post ($0.29) EPS for the current year.
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Several institutional investors have recently bought and sold shares of EGL. Federated Investors Inc. PA raised its position in Engility Holdings by 152.2% in the fourth quarter. Federated Investors Inc. PA now owns 2,991 shares of the aerospace company’s stock worth $101,000 after buying an additional 1,805 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Engility Holdings by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock worth $118,000 after buying an additional 160 shares during the last quarter. Mason Street Advisors LLC raised its position in Engility Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,128 shares of the aerospace company’s stock worth $119,000 after buying an additional 271 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Engility Holdings by 33.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 5,200 shares of the aerospace company’s stock worth $175,000 after buying an additional 1,300 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in 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 valued at $208,000 after buying an additional 100 shares in the last quarter. 91.11% of the stock is 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.
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