FBR & Co Increases Engility Holdings Inc. (EGL) Price Target to $40.00
Engility Holdings Inc. (NYSE:EGL) had its target price hoisted by equities researchers at FBR & Co from $35.00 to $40.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “outperform” rating on the stock. FBR & Co’s price target suggests a potential upside of 10.34% from the stock’s previous close.
EGL has been the subject of several other reports. TheStreet lowered Engility Holdings from a “hold” rating to a “sell” rating in a report on Friday, November 4th. Cowen and Company lowered 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. Noble Financial lowered Engility Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. Jefferies Group increased their price objective on Engility Holdings from $27.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 5th. Finally, Stifel Nicolaus increased their price objective on Engility Holdings from $34.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $31.63.
Engility Holdings (NYSE:EGL) opened at 36.25 on Tuesday. Engility Holdings has a 12-month low of $11.46 and a 12-month high of $38.40. The stock’s 50 day moving average price is $31.91 and its 200-day moving average price is $28.46. The firm’s market cap is $1.33 billion.
Engility Holdings (NYSE:EGL) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.14. Engility Holdings had a positive return on equity of 9.35% and a negative net margin of 12.16%. The business earned $511.80 million during the quarter, compared to analyst estimates of $42.67 million. During the same period in the prior year, the company earned $0.61 earnings per share. Engility Holdings’s revenue was down 10.3% compared to the same quarter last year. Equities research analysts anticipate that Engility Holdings will post ($0.43) earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Engility Holdings by 169.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 170,800 shares of the company’s stock worth $5,380,000 after buying an additional 107,300 shares during the period. Credit Suisse AG increased its stake in shares of Engility Holdings by 95.5% in the third quarter. Credit Suisse AG now owns 34,304 shares of the company’s stock worth $1,081,000 after buying an additional 16,758 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Engility Holdings by 14.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 30,039 shares of the company’s stock worth $946,000 after buying an additional 3,800 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Engility Holdings by 56.4% in the third quarter. Panagora Asset Management Inc. now owns 45,488 shares of the company’s stock worth $1,433,000 after buying an additional 16,408 shares during the period. Finally, Highbridge Capital Management LLC increased its stake in shares of Engility Holdings by 55.8% in the third quarter. Highbridge Capital Management LLC now owns 36,901 shares of the company’s stock worth $1,163,000 after buying an additional 13,220 shares during the period. Institutional investors own 93.95% 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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