Engility (EGL) Coverage Initiated by Analysts at Wells Fargo & Company
Wells Fargo & Company began coverage on shares of Engility (NYSE:EGL) in a research note published on Friday morning. The firm issued a market perform rating and a $31.00 target price on the aerospace company’s stock.
Several other equities research analysts also recently commented on the company. Maxim Group restated a hold rating on shares of Engility in a report on Friday, November 3rd. Vertical Research cut Engility from a hold rating to a sell rating in a research report on Friday, November 3rd. Zacks Investment Research cut Engility from a buy rating to a hold rating in a research report on Tuesday, November 7th. FBR & Co reaffirmed a buy rating on shares of Engility in a research report on Monday, October 16th. Finally, Noble Financial reaffirmed a hold rating on shares of Engility in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Engility presently has an average rating of Hold and a consensus price target of $35.00.
Engility (NYSE EGL) traded down $1.06 during midday trading on Friday, hitting $28.15. The stock had a trading volume of 181,886 shares, compared to its average volume of 162,534. The company has a market capitalization of $1,070.00, a P/E ratio of 12.80 and a beta of 2.09. Engility has a 52-week low of $25.70 and a 52-week high of $39.16. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.34 and a current ratio of 1.34.
Engility (NYSE:EGL) last released its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.28). The firm had revenue of $487.10 million for the quarter, compared to the consensus estimate of $496.84 million. Engility had a net margin of 1.57% and a return on equity of 11.87%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. equities analysts expect that Engility will post 2.22 EPS for the current year.
In other Engility news, SVP Thomas O. Miiller sold 4,483 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $28.59, for a total value of $128,168.97. Following the transaction, the senior vice president now owns 10,154 shares of the company’s stock, valued at $290,302.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Marino sold 1,425 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $25.25, for a total value of $35,981.25. The disclosure for this sale can be found here. In the last three months, insiders sold 20,908 shares of company stock worth $590,000. Insiders own 0.41% of the company’s stock.
A number of hedge funds have recently bought and sold shares of EGL. BlackRock Inc. boosted its position in Engility by 17,441.6% in the first quarter. BlackRock Inc. now owns 3,086,095 shares of the aerospace company’s stock worth $89,313,000 after purchasing an additional 3,068,502 shares during the last quarter. Boston Partners purchased a new position in shares of Engility during the 3rd quarter valued at $13,468,000. Royce & Associates LP purchased a new position in shares of Engility during the 2nd quarter valued at $7,417,000. Dimensional Fund Advisors LP lifted 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 buying an additional 122,104 shares during the last quarter. Finally, FMR LLC lifted 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 buying an additional 91,414 shares during the last quarter. 92.60% of the stock is currently owned by institutional investors and hedge funds.
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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