Engility (EGL) Coverage Initiated at Wells Fargo & Company

Investment analysts at Wells Fargo & Company started coverage on shares of Engility (NYSE:EGL) in a report released on Friday. The firm set a “market perform” rating and a $31.00 price target on the aerospace company’s stock. Wells Fargo & Company’s target price would indicate a potential upside of 10.12% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. B. Riley reissued a “buy” rating on shares of Engility in a research report on Friday, November 3rd. Zacks Investment Research raised Engility from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a research report on Monday, August 7th. Maxim Group reissued a “hold” rating on shares of Engility in a research report on Thursday, August 3rd. Noble Financial lowered Engility from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine raised Engility from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Engility (NYSE EGL) opened at $28.15 on Friday. Engility has a twelve month low of $25.70 and a twelve month high of $39.16. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $1,036.62, a P/E ratio of 12.35 and a beta of 2.02.

Engility (NYSE:EGL) last issued its earnings results on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.28). Engility had a return on equity of 11.87% and a net margin of 1.57%. The firm had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Engility’s revenue for the quarter was down 4.8% on a year-over-year basis. sell-side analysts anticipate that Engility will post 2.22 earnings per share for the current fiscal year.

In other Engility news, Director Peter Marino sold 1,425 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $25.25, for a total value of $35,981.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas O. Miiller sold 4,483 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $28.59, for a total value of $128,168.97. Following the completion of the transaction, the senior vice president now owns 10,154 shares of the company’s stock, valued at approximately $290,302.86. The disclosure for this sale can be found here. Insiders have sold a total of 20,908 shares of company stock valued at $590,000 in the last quarter. 0.41% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Engility by 7.4% during the 2nd quarter. BlackRock Inc. now owns 3,314,730 shares of the aerospace company’s stock valued at $94,140,000 after acquiring an additional 228,635 shares during the last quarter. FMR LLC boosted its position in shares of Engility by 3.0% during the 2nd quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock valued at $89,157,000 after acquiring an additional 91,414 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Engility by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock valued at $33,878,000 after acquiring an additional 122,104 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Engility by 6.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,120,356 shares of the aerospace company’s stock valued at $31,818,000 after acquiring an additional 65,803 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Engility by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock valued at $27,436,000 after acquiring an additional 33,799 shares during the last quarter. Institutional investors and hedge funds own 92.60% of the company’s stock.

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About Engility

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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