Engility Holdings Inc. (EGL) Sees Strong Trading Volume
Engility Holdings Inc. (NYSE:EGL) shares saw strong trading volume on Monday . 238,462 shares were traded during trading, an increase of 3% from the previous session’s volume of 231,224 shares.The stock last traded at $32.25 and had previously closed at $31.98.
Several equities research analysts recently weighed in on the company. TheStreet raised Engility Holdings from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Jefferies Group raised 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. Zacks Investment Research raised Engility Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a report on Tuesday, July 26th. FBR & Co raised their price objective on Engility Holdings from $25.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, July 26th. Finally, SunTrust Banks Inc. assumed coverage on Engility Holdings in a report on Thursday, July 21st. They set a “buy” rating and a $30.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.00.
The company’s market cap is $1.19 billion. The company has a 50-day moving average of $27.15 and a 200 day moving average of $20.85.
Engility Holdings (NYSE:EGL) last released its quarterly earnings results on Monday, August 1st. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. The firm earned $535 million during the quarter, compared to the consensus estimate of $519.69 million. During the same period in the previous year, the company posted $0.51 EPS. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, analysts anticipate that Engility Holdings Inc. will post $1.25 earnings per share for the current fiscal year.
In other news, CAO Richard B. Harkey sold 4,506 shares of the company’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $23.16, for a total value of $104,358.96. Following the transaction, the chief accounting officer now owns 2,608 shares of the company’s stock, valued at $60,401.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
An institutional investor recently raised its position in Engility Holdings stock. First Trust Advisors LP boosted its stake in Engility Holdings Inc. (NYSE:EGL) by 45.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,465 shares of the company’s stock after buying an additional 11,346 shares during the period. First Trust Advisors LP owned approximately 0.10% of Engility Holdings worth $1,184,000 at the end of the most recent reporting period.
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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