Engility (EGL) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Engility (NYSE:EGL) from a hold rating to a buy rating in a report released on Tuesday. The brokerage currently has $34.00 price target on the aerospace company’s stock.

According to Zacks, “Engility Holdings, Inc. is engaged in providing government services in engineering, professional support and mission support to customers in the U.S. Department of Defense, Federal civilian agencies and allied foreign governments. Its core offerings include SETA Support, Professional Services, Education and Training, Operational Support, Logistics, International Capacity Development and Linguistics. Engility Holdings, Inc. is headquartered in Chantilly, VA. “

Several other brokerages have also recently commented on EGL. Stifel Nicolaus initiated coverage on Engility in a research report on Friday, May 25th. They issued a buy rating and a $38.00 target price for the company. Cowen raised Engility from a market perform rating to an outperform rating and set a $30.00 target price for the company in a research report on Thursday, May 3rd. Noble Financial set a $37.00 target price on Engility and gave the stock a buy rating in a research report on Tuesday, May 29th. ValuEngine raised Engility from a hold rating to a buy rating in a research report on Tuesday, March 27th. Finally, Wells Fargo & Co set a $25.00 target price on Engility and gave the stock a hold rating in a research report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Engility has a consensus rating of Hold and an average price target of $34.88.

EGL opened at $30.64 on Tuesday. Engility has a 1-year low of $21.19 and a 1-year high of $35.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $1.13 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 3.21 and a beta of 1.76.

Engility (NYSE:EGL) last posted its quarterly earnings data on Wednesday, May 2nd. The aerospace company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Engility had a positive return on equity of 11.70% and a negative net margin of 1.85%. The company had revenue of $477.00 million during the quarter, compared to analysts’ expectations of $466.31 million. During the same period in the prior year, the business earned $0.55 earnings per share. Engility’s revenue for the quarter was down 1.6% compared to the same quarter last year. sell-side analysts predict that Engility will post 1.91 EPS for the current year.

A number of hedge funds have recently modified their holdings of EGL. Systematic Financial Management LP raised its stake in Engility by 4.5% during the first quarter. Systematic Financial Management LP now owns 55,220 shares of the aerospace company’s stock worth $1,347,000 after acquiring an additional 2,355 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Engility by 3.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 91,106 shares of the aerospace company’s stock worth $2,223,000 after acquiring an additional 2,720 shares in the last quarter. Wells Fargo & Company MN raised its stake in Engility by 9.8% during the first quarter. Wells Fargo & Company MN now owns 31,854 shares of the aerospace company’s stock worth $778,000 after acquiring an additional 2,854 shares in the last quarter. Aperio Group LLC raised its stake in Engility by 18.1% during the fourth quarter. Aperio Group LLC now owns 18,690 shares of the aerospace company’s stock worth $530,000 after acquiring an additional 2,871 shares in the last quarter. Finally, Barclays PLC raised its stake in Engility by 105.1% during the first quarter. Barclays PLC now owns 6,014 shares of the aerospace company’s stock worth $147,000 after acquiring an additional 3,082 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

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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