Engility Holdings, Inc. (EGL) Rating Lowered to Hold at Zacks Investment Research

Engility Holdings, Inc. (NYSE:EGL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, November 7th.

According to Zacks, “Engility Holdings, Inc. is engaged in providing government services in engineering, professional support and mission support to customers in the U.S. Department of Defense, Federal civilian agencies and allied foreign governments. Its core offerings include SETA Support, Professional Services, Education and Training, Operational Support, Logistics, International Capacity Development and Linguistics. Engility Holdings, Inc. is headquartered in Chantilly, VA. “

A number of other equities analysts have also weighed in on the stock. Noble Financial restated a “hold” rating on shares of Engility in a research report on Tuesday, November 7th. Cowen Inc reiterated a “hold” rating and issued a $36.00 target price on shares of Engility in a report on Monday, November 6th. Vertical Research downgraded shares of Engility from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Maxim Group reissued a “hold” rating on shares of Engility in a research note on Friday, November 3rd. Finally, FBR & Co reissued a “buy” rating on shares of Engility in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.67.

Shares of Engility (NYSE:EGL) traded down $0.10 during midday trading on Tuesday, hitting $28.35. 32,347 shares of the stock traded hands, compared to its average volume of 166,702. Engility has a 1-year low of $25.70 and a 1-year high of $39.16. The firm has a market capitalization of $1,040.00, a price-to-earnings ratio of 12.43 and a beta of 2.09. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.31.

Engility (NYSE:EGL) last posted its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.28). The business had revenue of $487.10 million for the quarter, compared to analyst estimates of $496.84 million. Engility had a return on equity of 11.87% and a net margin of 1.57%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. equities analysts expect that Engility will post 2.22 EPS for the current fiscal year.

In other Engility news, Director Peter Marino sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $28.39, for a total transaction of $425,850.00. Following the completion of the transaction, the director now owns 1,213 shares in the company, valued at approximately $34,437.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the director now owns 6,290 shares of the company’s stock, valued at approximately $193,857.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,483 shares of company stock worth $646,479. 0.41% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Engility by 7.4% during the 2nd quarter. BlackRock Inc. now owns 3,314,730 shares of the aerospace company’s stock worth $94,140,000 after acquiring an additional 228,635 shares in the last quarter. FMR LLC grew its holdings in Engility by 3.0% during the 2nd quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock worth $89,157,000 after acquiring an additional 91,414 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Engility by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock valued at $33,878,000 after buying an additional 122,104 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Engility by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,120,356 shares of the aerospace company’s stock valued at $31,818,000 after buying an additional 65,803 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Engility by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock valued at $27,436,000 after buying an additional 33,799 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Engility Holdings, Inc. (EGL) Rating Lowered to Hold at Zacks Investment Research” was originally published by BBNS and is owned by of BBNS. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://baseballnewssource.com/markets/engility-holdings-inc-egl-cut-to-hold-at-zacks-investment-research/1763856.html.

Engility 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.

Get a free copy of the Zacks research report on Engility (EGL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Engility (NYSE:EGL)

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 our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.