Trading Report: The FBR & Co Analysts Give Engility Holdings Inc. (EGL) a $35.00 Price Target

The FBR & Co Analysts Give Engility Holdings Inc. (EGL) a $35.00 Price Target

Engility Holdings Inc. (NYSE:EGL) has been assigned a $35.00 price target by research analysts at FBR & Co in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. FBR & Co’s target price suggests a potential downside of 7.09% from the company’s current price.

Several other equities research analysts also recently weighed in on EGL. Zacks Investment Research downgraded Engility Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Jefferies Group raised their target price on Engility Holdings from $27.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 5th. TheStreet raised Engility Holdings from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Cowen and Company downgraded Engility Holdings from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a report on Wednesday, August 17th. Finally, Stifel Nicolaus raised their target price on Engility Holdings from $34.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $31.00.

Engility Holdings (NYSE:EGL) traded up 1.89% during midday trading on Wednesday, hitting $37.67. 68,078 shares of the stock were exchanged. Engility Holdings has a one year low of $11.46 and a one year high of $38.04. The stock’s market cap is $1.39 billion. The firm has a 50-day moving average price of $31.53 and a 200-day moving average price of $28.20.

Engility Holdings (NYSE:EGL) last announced its earnings results on Tuesday, November 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. The business had revenue of $511.80 million for the quarter, compared to analyst estimates of $42.67 million. Engility Holdings had a negative net margin of 12.16% and a positive return on equity of 9.35%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. On average, equities research analysts anticipate that Engility Holdings will post ($0.43) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. increased its position in Engility Holdings by 0.4% in the third quarter. American International Group Inc. now owns 13,345 shares of the company’s stock valued at $420,000 after buying an additional 54 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Engility Holdings by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,830 shares of the company’s stock valued at $121,000 after buying an additional 60 shares during the period. Guggenheim Capital LLC increased its position in Engility Holdings by 0.6% in the second quarter. Guggenheim Capital LLC now owns 32,470 shares of the company’s stock valued at $685,000 after buying an additional 179 shares during the period. Texas Permanent School Fund increased its position in Engility Holdings by 1.8% in the third quarter. Texas Permanent School Fund now owns 13,446 shares of the company’s stock valued at $424,000 after buying an additional 239 shares during the period. Finally, California State Teachers Retirement System increased its position in Engility Holdings by 1.1% in the third quarter. California State Teachers Retirement System now owns 38,191 shares of the company’s stock valued at $1,203,000 after buying an additional 400 shares during the period. 96.61% of the stock is owned by institutional investors and hedge funds.

Engility Holdings Company Profile

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