Engility Holdings Inc. (EGL) Stock Price Up 4.6%
Engility Holdings Inc. (NYSE:EGL) shares rose 4.6% during mid-day trading on Monday . The company traded as high as $31.07 and last traded at $30.88, with a volume of 79,089 shares changing hands. The stock had previously closed at $29.53.
EGL has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on Engility Holdings from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. Jefferies Group boosted their price objective on Engility Holdings from $27.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, August 5th. SunTrust Banks Inc. initiated coverage on Engility Holdings in a research report on Thursday, July 21st. They set a “buy” rating and a $30.00 price objective for the company. Zacks Investment Research lowered Engility Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Finally, TheStreet upgraded Engility Holdings from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $31.00.
The stock’s market capitalization is $1.13 billion. The firm’s 50 day moving average is $30.73 and its 200 day moving average is $23.88.
Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The firm earned $535 million during the quarter, compared to analysts’ expectations of $519.69 million. Engility Holdings had a positive return on equity of 9.03% and a negative net margin of 10.89%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. Equities research analysts forecast that Engility Holdings Inc. will post ($0.44) EPS for the current year.
A number of institutional investors have recently bought and sold shares of EGL. Pioneer Investment Management Inc. purchased a new position in Engility Holdings during the fourth quarter valued at approximately $1,701,000. JPMorgan Chase & Co. boosted its position in shares of Engility Holdings by 70.5% in the first quarter. JPMorgan Chase & Co. now owns 227,689 shares of the company’s stock worth $4,271,000 after buying an additional 94,147 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Engility Holdings by 0.7% in the first quarter. Prudential Financial Inc. now owns 185,667 shares of the company’s stock worth $3,483,000 after buying an additional 1,200 shares during the last quarter. Norges Bank bought a new position in shares of Engility Holdings during the fourth quarter worth about $8,777,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Engility Holdings during the first quarter worth about $987,000. 95.38% of the stock is owned by hedge funds and other institutional investors.
About Engility Holdings
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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