Engility Holdings Inc (EGL) Receives $37.00 Consensus Price Target from Analysts

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Shares of Engility Holdings Inc (NYSE:EGL) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $37.00.

Several equities analysts have issued reports on EGL shares. Wells Fargo & Co upped their price objective on shares of Engility from $27.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday, July 13th. Cowen set a $40.00 price objective on shares of Engility and gave the company a “buy” rating in a research note on Wednesday, August 1st. Drexel Hamilton restated a “hold” rating on shares of Engility in a research note on Wednesday, August 1st. Noble Financial downgraded shares of Engility from a “buy” rating to a “hold” rating and set a $37.00 price objective for the company. in a research note on Thursday, August 2nd. Finally, ValuEngine downgraded shares of Engility from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th.

NYSE EGL traded up $0.12 during trading hours on Monday, hitting $32.20. The company had a trading volume of 103,192 shares, compared to its average volume of 160,275. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.34 and a quick ratio of 1.34. Engility has a 1-year low of $21.19 and a 1-year high of $38.54. The company has a market capitalization of $1.20 billion, a PE ratio of 13.82, a P/E/G ratio of 3.08 and a beta of 2.00.

Engility (NYSE:EGL) last released its quarterly earnings data on Wednesday, October 31st. The aerospace company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.08. Engility had a negative net margin of 1.94% and a positive return on equity of 11.86%. The company had revenue of $471.20 million during the quarter, compared to the consensus estimate of $470.87 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Engility’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, research analysts expect that Engility will post 2.1 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in Engility by 9.8% in the first quarter. Wells Fargo & Company MN now owns 31,854 shares of the aerospace company’s stock valued at $778,000 after purchasing an additional 2,854 shares during the period. Principal Financial Group Inc. lifted its position in Engility by 2.4% in the first quarter. Principal Financial Group Inc. now owns 135,293 shares of the aerospace company’s stock valued at $3,301,000 after purchasing an additional 3,211 shares during the period. Barclays PLC lifted its position in Engility by 105.1% in the first quarter. Barclays PLC now owns 6,014 shares of the aerospace company’s stock valued at $147,000 after purchasing an additional 3,082 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Engility in the second quarter valued at about $242,000. Finally, James Investment Research Inc. lifted its position in Engility by 786.4% in the second quarter. James Investment Research Inc. now owns 77,030 shares of the aerospace company’s stock valued at $2,360,000 after purchasing an additional 68,340 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Engility Company Profile

Engility Holdings, Inc, together with its subsidiaries, provides a range of technical services to the U.S. Department of Defense, U.S. Department of Justice, U.S. Department of State, Federal Aviation Administration, Department of Homeland Security, and space-related and intelligence community agencies.

See Also: Cost of Capital Explained

Analyst Recommendations for Engility (NYSE:EGL)

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