Engility’s (EGL) “Hold” Rating Reaffirmed at Noble Financial

Noble Financial reaffirmed their hold rating on shares of Engility (NYSE:EGL) in a research note released on Wednesday morning.

EGL has been the topic of a number of other research reports. Stifel Nicolaus assumed coverage on Engility in a research note on Friday, May 25th. They issued a buy rating and a $38.00 target price on the stock. Cowen cut Engility from an outperform rating to a market perform rating and set a $36.00 target price on the stock. in a research note on Tuesday, September 11th. ValuEngine cut Engility from a buy rating to a hold rating in a research note on Thursday, June 7th. Zacks Investment Research raised Engility from a hold rating to a buy rating and set a $34.00 target price on the stock in a research note on Tuesday, June 26th. Finally, Drexel Hamilton reissued a hold rating on shares of Engility in a research note on Wednesday, August 1st. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $36.86.

Engility stock opened at $35.51 on Wednesday. The firm has a market capitalization of $1.29 billion, a PE ratio of 15.56, a PEG ratio of 3.47 and a beta of 1.89. Engility has a fifty-two week low of $21.19 and a fifty-two week high of $38.54. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.28.



Engility (NYSE:EGL) last released its earnings results on Wednesday, August 1st. The aerospace company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.16. The business had revenue of $488.50 million for the quarter, compared to analysts’ expectations of $472.26 million. Engility had a positive return on equity of 12.02% and a negative net margin of 1.63%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. sell-side analysts anticipate that Engility will post 2.02 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Systematic Financial Management LP grew its stake in shares of Engility by 4.5% during the first quarter. Systematic Financial Management LP now owns 55,220 shares of the aerospace company’s stock valued at $1,347,000 after buying an additional 2,355 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Engility by 3.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 91,106 shares of the aerospace company’s stock valued at $2,223,000 after buying an additional 2,720 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Engility by 9.8% during the first quarter. Wells Fargo & Company MN now owns 31,854 shares of the aerospace company’s stock valued at $778,000 after buying an additional 2,854 shares during the last quarter. Barclays PLC grew its stake in shares of Engility by 105.1% during the first quarter. Barclays PLC now owns 6,014 shares of the aerospace company’s stock valued at $147,000 after buying an additional 3,082 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Engility by 2.4% during the first quarter. Principal Financial Group Inc. now owns 135,293 shares of the aerospace company’s stock valued at $3,301,000 after buying an additional 3,211 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

About Engility

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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