Engility Holdings, Inc. (EGL) Lifted to Buy at Noble Financial

Engility Holdings, Inc. (NYSE:EGL) was upgraded by stock analysts at Noble Financial from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other brokerages also recently issued reports on EGL. Jefferies Group LLC reissued a “buy” rating and set a $37.00 price objective on shares of Engility Holdings in a research report on Friday, October 6th. FBR & Co reissued a “buy” rating on shares of Engility Holdings in a research report on Monday, October 16th. Cowen and Company set a $36.00 price objective on shares of Engility Holdings and gave the company a “hold” rating in a research report on Thursday, October 19th. Maxim Group reissued a “hold” rating on shares of Engility Holdings in a research report on Friday, November 3rd. Finally, Vertical Research downgraded shares of Engility Holdings from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.67.

Shares of Engility Holdings (NYSE:EGL) traded down $0.11 during midday trading on Tuesday, hitting $27.05. 165,300 shares of the company traded hands, compared to its average volume of 128,174. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.31. Engility Holdings has a 12 month low of $25.70 and a 12 month high of $39.16. The stock has a market capitalization of $1,000.16, a P/E ratio of 11.91 and a beta of 2.09.

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

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In other news, Director William G. Tobin sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $30.82, for a total value of $92,460.00. Following the sale, the director now directly owns 6,290 shares of the company’s stock, valued at approximately $193,857.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Engility Holdings by 7.4% in the 2nd quarter. BlackRock Inc. now owns 3,314,730 shares of the aerospace company’s stock worth $94,140,000 after buying an additional 228,635 shares during the period. FMR LLC grew its position in shares of Engility Holdings by 3.0% in the 2nd quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock worth $89,157,000 after buying an additional 91,414 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Engility Holdings by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock worth $33,878,000 after buying an additional 122,104 shares during the period. Victory Capital Management Inc. grew its position in shares of Engility Holdings by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,120,356 shares of the aerospace company’s stock worth $31,818,000 after buying an additional 65,803 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Engility Holdings by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock worth $27,436,000 after buying an additional 33,799 shares during the period. 92.97% of the stock is currently 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.

Analyst Recommendations for Engility Holdings (NYSE:EGL)

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