Engility Holdings, Inc. (EGL) Rating Reiterated by Jefferies Group LLC
Engility Holdings, Inc. (NYSE:EGL)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group LLC in a research note issued to investors on Friday. They currently have a $37.00 price objective on the aerospace company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 5.74% from the company’s previous close.
A number of other equities analysts have also weighed in on EGL. BidaskClub upgraded shares of Engility Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Noble Financial restated a “buy” rating on shares of Engility Holdings in a report on Saturday, June 17th. Cowen and Company restated a “hold” rating on shares of Engility Holdings in a report on Tuesday, July 11th. Zacks Investment Research lowered shares of Engility Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, ValuEngine lowered shares of Engility Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.67.
Engility Holdings (EGL) opened at 34.99 on Friday. The stock has a 50 day moving average price of $31.67 and a 200 day moving average price of $29.27. Engility Holdings has a 12-month low of $25.70 and a 12-month high of $39.16. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 286.80 and a beta of 2.06.
Engility Holdings (NYSE:EGL) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The company had revenue of $494.70 million during the quarter, compared to analyst estimates of $504.44 million. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, analysts expect that Engility Holdings will post ($0.29) EPS for the current year.
In related news, Director William G. Tobin sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.82, for a total value of $92,460.00. Following the completion of the transaction, the director now directly owns 6,290 shares in the company, valued at approximately $193,857.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Thomas O. Miiller sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $31.06, for a total transaction of $248,480.00. Following the completion of the transaction, the senior vice president now owns 14,637 shares of the company’s stock, valued at $454,625.22. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of EGL. Municipal Employees Retirement System of Michigan grew its position in Engility Holdings by 4.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock worth $118,000 after purchasing an additional 160 shares during the period. Mason Street Advisors LLC grew its position in Engility Holdings by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 4,128 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 271 shares during the period. OxFORD Asset Management LLP bought a new stake in Engility Holdings in the 2nd quarter worth approximately $206,000. Wellington Management Group LLP bought a new stake in Engility Holdings in the 1st quarter worth approximately $208,000. Finally, Tudor Investment Corp ET AL grew its position in Engility Holdings by 10.9% in the 1st quarter. Tudor Investment Corp ET AL now owns 8,100 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 794 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.
About Engility Holdings
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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