November 29, 2016 - By Ellis Scott
In a research note shared with investors and clients on 29 November, Engility (NYSE:EGL) stock had its Outperform Rating reconfirmed by research analysts at FBR & Co.. They currently have a $40 TP on company. FBR & Co.’s target would suggest a potential upside of 6.87% from the company’s last stock close.
Out of 9 analysts covering Engility Holdings (NYSE:EGL), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. $30 is the highest target while $0.75 is the lowest. The $18.58 average target is -50.36% below today’s ($37.43) stock price. Engility Holdings has been the topic of 9 analyst reports since July 28, 2015 according to StockzIntelligence Inc. BB&T Capital initiated the shares of EGL in a report on Tuesday, July 28 with “Hold” rating. The stock of Engility Holdings, Inc. (NYSE:EGL) has “Buy” rating given on Thursday, July 21 by Suntrust Robinson. As per Wednesday, August 17, the company rating was downgraded by Cowen & Co. Jefferies initiated the stock with “Buy” rating in Wednesday, January 20 report. The rating was downgraded by Maxim Group on Thursday, January 21 to “Hold”. FBR Capital maintained it with “Outperform” rating and $25 target price in Friday, January 22 report. Noble Financial downgraded the stock to “Hold” rating in Tuesday, November 15 report. The company was downgraded on Monday, January 25 by Drexel Hamilton. The stock of Engility Holdings, Inc. (NYSE:EGL) has “Hold” rating given on Thursday, April 7 by Paradigm Research.
The stock decreased 0.64% or $0.24 during the last trading session, hitting $37.43. Engility Holdings, Inc. (NYSE:EGL) has risen 86.40% since April 26, 2016 and is uptrending. It has outperformed by 81.14% the S&P500.
Analysts await Engility Holdings, Inc. (NYSE:EGL) to report earnings on March, 2. They expect $0.49 earnings per share, down 25.76% or $0.17 from last year’s $0.66 per share. EGL’s profit will be $18.20 million for 19.10 P/E if the $0.49 EPS becomes a reality. After $0.52 actual earnings per share reported by Engility Holdings, Inc. for the previous quarter, Wall Street now forecasts -5.77% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to Infinity in 2016 Q2. Its up Infinity, from 0 in 2016Q1. The ratio improved, as 0 funds sold all Engility Holdings, Inc. shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 170 shares or 50.00% less from 340 shares in 2016Q1.
Gemmer Asset Lc reported 145 shares or 0% of all its holdings. Vantage Invest Advsrs Llc has 25 shares for 0% of their US portfolio.
Insider Transactions: Since November 16, 2016, the stock had 0 insider buys, and 1 insider sale for $523,050 net activity. $523,050 worth of Engility Holdings, Inc. (NYSE:EGL) shares were sold by Miiller Thomas O..
According to Zacks Investment Research, “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.”
Engility Holdings, Inc. (Engility), incorporated on November 18, 2011, is engaged in providing a range of engineering, technical, analytical, advisory, training, logistics and support services. The Firm offers a range of services, including technical consulting, program and business support, engineering and technology lifecycle support, information technology (IT) modernization and sustainment, supply chain services and logistics management, training and education to the United States Government personnel around the world. The Firm serves various areas, such as intelligence, space architecture and systems engineering, climate change, international capacity development, air traffic management, asymmetric threats, emergency preparedness and response, non-kinetic warfare tactics, techniques and procedures, command, control, communications, computing, intelligence, surveillance and reconnaissance (C4ISR) technology sustainment, IT modernization, modeling and simulation, and training and education.
More news for Engility Holdings, Inc. (NYSE:EGL) were recently published by: Fool.com, which released: “Engility Holdings, Inc. Stock Down 41% Today: Here’s What Happened” on January 21, 2016. Bizjournals.com‘s article titled: “Engility showing signs that ‘best value’ pivot is working” and published on November 01, 2016 is yet another important article.
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By Ellis Scott