Engility Holdings Inc (NYSE:EGL) has been assigned an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $37.00.

A number of equities analysts have recently commented on EGL shares. B. Riley boosted their price target on Engility from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. ValuEngine raised Engility from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Cowen set a $36.00 price target on Engility and gave the stock a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research cut Engility from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Finally, Noble Financial reissued a “hold” rating on shares of Engility in a report on Wednesday, September 12th.

A number of institutional investors and hedge funds have recently modified their holdings of EGL. Principal Financial Group Inc. increased its holdings in Engility by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 135,293 shares of the aerospace company’s stock worth $3,301,000 after purchasing an additional 3,211 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Engility in the 2nd quarter worth about $176,000. Eqis Capital Management Inc. acquired a new position in Engility in the 2nd quarter worth about $240,000. Piedmont Investment Advisors LLC acquired a new position in Engility in the 2nd quarter worth about $127,000. Finally, Aperio Group LLC increased its holdings in Engility by 85.9% in the 2nd quarter. Aperio Group LLC now owns 44,084 shares of the aerospace company’s stock worth $1,351,000 after purchasing an additional 20,366 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Shares of Engility stock traded up $1.43 during trading on Friday, reaching $31.08. 485,800 shares of the company’s stock were exchanged, compared to its average volume of 168,997. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.34 and a current ratio of 1.34. Engility has a 1-year low of $21.19 and a 1-year high of $38.54. The stock has a market capitalization of $1.08 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 2.78 and a beta of 2.01.

Engility (NYSE:EGL) last posted its quarterly earnings results on Wednesday, October 31st. The aerospace company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Engility had a positive return on equity of 11.86% and a negative net margin of 1.94%. The company had revenue of $471.20 million during the quarter, compared to analysts’ expectations of $470.87 million. During the same quarter in the previous year, the firm earned $0.26 EPS. Engility’s revenue was down 3.3% on a year-over-year basis. On average, research analysts forecast that Engility will post 2.1 earnings per share for the current year.

Engility Company Profile

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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Analyst Recommendations for Engility (NYSE:EGL)

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