Engility Holdings, Inc. (NYSE:EGL) Upgraded to Hold at Zacks Investment Research

Engility Holdings, Inc. (NYSE:EGL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, August 7th. The brokerage presently has a $35.00 target price on the aerospace company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 18.97% from the stock’s previous close.

According to Zacks, “Engility Holdings, Inc. is engaged in providing government services in engineering, professional support and mission support to customers in the U.S. Department of Defense, Federal civilian agencies and allied foreign governments. Its core offerings include SETA Support, Professional Services, Education and Training, Operational Support, Logistics, International Capacity Development and Linguistics. Engility Holdings, Inc. is headquartered in Chantilly, VA. “

Several other analysts also recently issued reports on EGL. Noble Financial reaffirmed a “buy” rating on shares of Engility Holdings in a report on Saturday, May 6th. Cowen and Company set a $36.00 price target on shares of Engility Holdings and gave the company a “hold” rating in a report on Thursday, August 3rd. ValuEngine lowered shares of Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Maxim Group reissued a “hold” rating on shares of Engility Holdings in a research report on Thursday, August 3rd. Finally, BidaskClub lowered shares of Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Engility Holdings has a consensus rating of “Hold” and a consensus target price of $35.40.

Engility Holdings (EGL) opened at 29.42 on Monday. The company’s 50 day moving average is $29.73 and its 200 day moving average is $28.94. The firm has a market cap of $1.08 billion, a P/E ratio of 241.15 and a beta of 2.10. Engility Holdings has a 52-week low of $25.70 and a 52-week high of $39.16.

Engility Holdings (NYSE:EGL) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The company had revenue of $494.70 million for the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities research analysts forecast that Engility Holdings will post ($0.29) EPS for the current fiscal year.

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In related news, SVP Thomas O. Miiller sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total transaction of $248,480.00. Following the completion of the transaction, the senior vice president now owns 14,637 shares of the company’s stock, valued at $454,625.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in shares of 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. Arizona State Retirement System raised its position in shares of Engility Holdings by 1.1% in the first quarter. Arizona State Retirement System now owns 9,180 shares of the aerospace company’s stock valued at $266,000 after buying an additional 100 shares during the period. Texas Permanent School Fund raised its position in shares of Engility Holdings by 0.8% in the second quarter. Texas Permanent School Fund now owns 12,887 shares of the aerospace company’s stock valued at $366,000 after buying an additional 106 shares during the period. Wells Fargo & Company MN raised its position in shares of Engility Holdings by 1.0% in the first quarter. Wells Fargo & Company MN now owns 13,104 shares of the aerospace company’s stock valued at $379,000 after buying an additional 135 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of 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. 91.70% of the stock is owned by hedge funds and other institutional investors.

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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