Engility (EGL) Reaches New 1-Year Low After Analyst Downgrade
Engility Holdings, Inc. (NYSE:EGL) hit a new 52-week low during mid-day trading on Friday after B. Riley lowered their price target on the stock from $40.00 to $38.00. B. Riley currently has a buy rating on the stock. Engility traded as low as $22.08 and last traded at $22.30, with a volume of 332103 shares traded. The stock had previously closed at $27.33.
Several other equities research analysts also recently issued reports on the company. ValuEngine downgraded Engility from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut Engility from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 16th. Drexel Hamilton cut Engility from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Wells Fargo & Co assumed coverage on Engility in a research report on Friday, December 1st. They set a “market perform” rating and a $31.00 price objective for the company. Finally, Noble Financial raised Engility from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.57.
In other news, SVP Thomas O. Miiller sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $27.97, for a total transaction of $83,910.00. Following the completion of the transaction, the senior vice president now directly owns 7,154 shares of the company’s stock, valued at $200,097.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by corporate insiders.
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 cap of $1,005.69, a PE ratio of 27.18 and a beta of 1.78.
Engility 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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