Wells Fargo & Company started coverage on shares of Engility (NYSE:EGL) in a report released on Friday morning, MarketBeat.com reports. The brokerage issued a market perform rating and a $31.00 price target on the aerospace company’s stock.
A number of other equities analysts have also recently issued reports on EGL. Cowen set a $36.00 price objective on shares of Engility and gave the company a hold rating in a research note on Thursday, August 3rd. Maxim Group reaffirmed a hold rating on shares of Engility in a research note on Thursday, August 3rd. Noble Financial reaffirmed a buy rating on shares of Engility in a research note on Friday, August 4th. Zacks Investment Research raised shares of Engility from a sell rating to a hold rating and set a $35.00 price objective on the stock in a research note on Monday, August 7th. Finally, FBR & Co reaffirmed a buy rating and issued a $40.00 price objective on shares of Engility in a research note on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $35.00.
Shares of Engility (NYSE EGL) opened at $28.20 on Friday. 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. The company has a market cap of $1,036.62, a P/E ratio of 12.35 and a beta of 2.01.
Engility (NYSE:EGL) last released its quarterly earnings results 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). Engility had a net margin of 1.57% and a return on equity of 11.87%. The company had revenue of $487.10 million for the quarter, compared to the consensus estimate of $496.84 million. During the same period last year, the company earned $0.52 earnings per share. Engility’s revenue for the quarter was down 4.8% compared to the same quarter last year. analysts anticipate that Engility will post 2.22 EPS for the current fiscal year.
In other Engility news, SVP Thomas O. Miiller sold 4,483 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $28.59, for a total value of $128,168.97. Following the sale, the senior vice president now directly owns 10,154 shares in the company, valued at $290,302.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter Marino sold 15,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $28.39, for a total transaction of $425,850.00. Following the completion of the sale, the director now owns 1,213 shares in the company, valued at $34,437.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,908 shares of company stock worth $590,000. Insiders own 0.57% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of EGL. Municipal Employees Retirement System of Michigan raised its holdings in Engility by 4.0% in the second 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. SG Americas Securities LLC acquired a new stake in Engility in the third quarter worth $124,000. OxFORD Asset Management LLP acquired a new stake in Engility in the second quarter worth $206,000. BNP Paribas Arbitrage SA raised its holdings in Engility by 28.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,777 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 1,968 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Engility in the third quarter worth $266,000. Institutional investors own 92.64% of the company’s stock.
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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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