Engility (EGL) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Engility (NYSE:EGL) from a buy rating to a hold rating in a research report released on Monday.

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. “

Other research analysts have also issued reports about the stock. Cowen set a $36.00 target price on shares of Engility and gave the stock a hold rating in a research note on Wednesday, October 31st. ValuEngine lowered shares of Engility from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $36.33.

EGL stock opened at $29.10 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.34 and a current ratio of 1.34. Engility has a 12-month low of $21.19 and a 12-month high of $38.54. The stock has a market capitalization of $1.08 billion, a P/E ratio of 12.49, a PEG ratio of 2.63 and a beta of 1.85.

Engility (NYSE:EGL) last posted its quarterly earnings data on Wednesday, October 31st. The aerospace company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Engility had a positive return on equity of 11.86% and a negative net margin of 1.94%. The company had revenue of $471.20 million for the quarter, compared to analysts’ expectations of $470.87 million. During the same period in the previous year, the firm posted $0.26 EPS. Engility’s revenue was down 3.3% compared to the same quarter last year. As a group, analysts expect that Engility will post 2.1 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Engility in the second quarter valued at approximately $195,000. Schwab Charles Investment Management Inc. grew its holdings in Engility by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 94,166 shares of the aerospace company’s stock valued at $2,886,000 after purchasing an additional 3,060 shares in the last quarter. BlueMountain Capital Management LLC grew its holdings in Engility by 77.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 13,567 shares of the aerospace company’s stock valued at $416,000 after purchasing an additional 5,901 shares in the last quarter. Laurion Capital Management LP acquired a new stake in Engility during the 2nd quarter valued at $208,000. Finally, Bank of America Corp DE grew its holdings in Engility by 45.7% during the 2nd quarter. Bank of America Corp DE now owns 18,714 shares of the aerospace company’s stock valued at $574,000 after purchasing an additional 5,874 shares in the last quarter. 89.81% of the stock is currently 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.

Recommended Story: What are defining characteristics of a correction?

Get a free copy of the Zacks research report on Engility (EGL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Engility (NYSE:EGL)

Receive News & Ratings for Engility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Engility and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply