Engility Holdings, Inc. (NYSE:EGL) Given a $36.00 Price Target by Cowen and Company Analysts
Cowen and Company set a $36.00 target price on Engility Holdings, Inc. (NYSE:EGL) in a research report sent to investors on Thursday morning. The brokerage currently has a hold rating on the aerospace company’s stock.
EGL has been the topic of several other research reports. ValuEngine lowered Engility Holdings from a buy rating to a hold rating in a research note on Tuesday, August 1st. Noble Financial restated a buy rating on shares of Engility Holdings in a research note on Saturday, May 6th. BidaskClub lowered Engility Holdings from a buy rating to a hold rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research lowered Engility Holdings from a hold rating to a sell rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $35.60.
Engility Holdings (NYSE:EGL) traded up 5.26% during mid-day trading on Thursday, hitting $31.60. 143,632 shares of the stock were exchanged. Engility Holdings has a 52-week low of $25.70 and a 52-week high of $39.16. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 263.33 and a beta of 2.10. The stock has a 50 day moving average of $28.75 and a 200-day moving average of $28.95.
Engility Holdings (NYSE:EGL) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. The business had revenue of $494.70 million during the quarter, compared to the consensus estimate of $504.44 million. Engility Holdings had a return on equity of 11.49% and a net margin of 0.22%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. Equities analysts predict that Engility Holdings will post ($0.29) EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its position in Engility Holdings by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock valued at $118,000 after buying an additional 160 shares during the period. Mason Street Advisors LLC raised its position 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 raised its position 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. Louisiana State Employees Retirement System raised its position 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. Finally, Wellington Management Group LLP bought a new position in Engility Holdings during the first quarter valued at about $208,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.
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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