Engility (EGL) Hits New 1-Year High at $37.76

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Engility Holdings Inc (NYSE:EGL)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $37.76 and last traded at $37.01, with a volume of 2479 shares changing hands. The stock had previously closed at $35.81.

EGL has been the subject of several recent analyst reports. Noble Financial set a $37.00 target price on Engility and gave the company a “buy” rating in a report on Tuesday, May 29th. Zacks Investment Research raised Engility from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Tuesday, July 3rd. Stifel Nicolaus assumed coverage on Engility in a report on Friday, May 25th. They set a “buy” rating and a $38.00 price objective for the company. Cowen set a $40.00 price objective on Engility and gave the company a “buy” rating in a report on Wednesday, August 1st. Finally, ValuEngine raised Engility from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Engility presently has an average rating of “Buy” and a consensus price target of $37.14.

The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 3.57 and a beta of 1.89. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.28.

Engility (NYSE:EGL) last announced its quarterly earnings data on Wednesday, August 1st. The aerospace company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.16. Engility had a positive return on equity of 12.02% and a negative net margin of 1.63%. The business had revenue of $488.50 million during the quarter, compared to analyst estimates of $472.26 million. During the same period in the prior year, the company earned $0.60 earnings per share. Engility’s revenue was down 1.3% compared to the same quarter last year. equities analysts anticipate that Engility Holdings Inc will post 2.02 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Piedmont Investment Advisors LLC bought a new position in Engility during the second quarter valued at $127,000. Acadian Asset Management LLC bought a new position in shares of Engility in the second quarter worth $176,000. Barclays PLC boosted its holdings in shares of Engility by 105.1% in 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 during the period. SG Americas Securities LLC bought a new position in shares of Engility in the second quarter worth $195,000. Finally, Laurion Capital Management LP bought a new position in shares of Engility in the second quarter worth $208,000. 91.68% of the stock is owned by institutional investors and hedge funds.

About Engility (NYSE:EGL)

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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