Engility Holdings, Inc. (EGL) Upgraded to Buy by BidaskClub
BidaskClub upgraded shares of Engility Holdings, Inc. (NYSE:EGL) from a hold rating to a buy rating in a report published on Wednesday morning.
A number of other brokerages also recently commented on EGL. Cowen and Company restated a hold rating and issued a $36.00 target price on shares of Engility Holdings in a research note on Monday, May 15th. Vertical Research started coverage on Engility Holdings in a research note on Thursday, March 16th. They issued a hold rating and a $31.00 target price on the stock. Noble Financial restated a buy rating on shares of Engility Holdings in a research note on Sunday, March 12th. Zacks Investment Research downgraded Engility Holdings from a hold rating to a sell rating in a research note on Friday, March 10th. Finally, TheStreet upgraded Engility Holdings from a d+ rating to a c- rating in a research note on Tuesday, March 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Engility Holdings currently has a consensus rating of Buy and an average target price of $34.88.
Engility Holdings (EGL) opened at 27.71 on Wednesday. The stock’s market cap is $1.02 billion. Engility Holdings has a 12 month low of $19.46 and a 12 month high of $39.16. The stock has a 50 day moving average price of $27.91 and a 200-day moving average price of $30.23.
Engility Holdings (NYSE:EGL) last issued its quarterly earnings results on Thursday, May 4th. The aerospace company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. Engility Holdings had a positive return on equity of 10.19% and a negative net margin of 0.03%. The business had revenue of $485.22 million for the quarter, compared to the consensus estimate of $473.42 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. Engility Holdings’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, analysts expect that Engility Holdings will post ($0.29) EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the company. Federated Investors Inc. PA increased its stake in Engility Holdings by 152.2% in the fourth quarter. Federated Investors Inc. PA now owns 2,991 shares of the aerospace company’s stock valued at $101,000 after buying an additional 1,805 shares during the period. Mason Street Advisors LLC increased its stake in Engility Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,128 shares of the aerospace company’s stock valued at $119,000 after buying an additional 271 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Engility Holdings by 33.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 5,200 shares of the aerospace company’s stock valued at $175,000 after buying an additional 1,300 shares during the period. Wellington Management Group LLP bought a new stake in Engility Holdings during the first quarter valued at about $208,000. Finally, Louisiana State Employees Retirement System increased its stake in Engility Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the aerospace company’s stock valued at $208,000 after buying an additional 100 shares during the period. Institutional investors own 93.04% 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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