Engility (NYSE:EGL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $35.00 price target on the aerospace company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.71% from the company’s current price.
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. “
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EGL has been the topic of several other reports. Stifel Nicolaus started coverage on Engility in a research report on Friday, May 25th. They set a “buy” rating and a $38.00 price target on the stock. Noble Financial set a $37.00 price target on Engility and gave the stock a “buy” rating in a research report on Tuesday, May 29th. ValuEngine upgraded Engility from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Finally, Cowen set a $30.00 price objective on Engility and gave the stock a “hold” rating in a research report on Monday, March 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Engility currently has a consensus rating of “Hold” and an average price target of $35.00.
Engility traded up $0.43, hitting $31.33, on Tuesday, according to MarketBeat Ratings. 42,000 shares of the company were exchanged, compared to its average volume of 138,054. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.38 and a quick ratio of 1.38. Engility has a 12 month low of $21.19 and a 12 month high of $35.63. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 3.21 and a beta of 1.84.
Engility (NYSE:EGL) last posted its quarterly earnings results on Wednesday, May 2nd. The aerospace company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Engility had a positive return on equity of 11.70% and a negative net margin of 1.85%. The business had revenue of $477.00 million for the quarter, compared to analyst estimates of $466.31 million. During the same period last year, the company earned $0.55 EPS. Engility’s revenue for the quarter was down 1.6% compared to the same quarter last year. sell-side analysts anticipate that Engility will post 1.91 EPS for the current year.
Several hedge funds have recently modified their holdings of EGL. Barclays PLC grew its position in shares of Engility by 105.1% in the 1st quarter. Barclays PLC now owns 6,014 shares of the aerospace company’s stock worth $147,000 after buying an additional 3,082 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Engility in the 4th quarter worth approximately $248,000. Municipal Employees Retirement System of Michigan grew its position in shares of Engility by 60.3% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 10,610 shares of the aerospace company’s stock worth $301,000 after buying an additional 3,990 shares during the last quarter. Aperio Group LLC grew its position in shares of Engility by 26.9% in the 1st quarter. Aperio Group LLC now owns 23,718 shares of the aerospace company’s stock worth $579,000 after buying an additional 5,028 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Engility in the 1st quarter worth approximately $669,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Engility Holdings, Inc, together with its subsidiaries, provides a range of technical services to the U.S. Department of Defense, U.S. Department of Justice, U.S. Department of State, Federal Aviation Administration, Department of Homeland Security, and space-related and intelligence community agencies.
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