Engility Holdings (EGL) is Initiated by SunTrust to Buy, Price Target at $30

Engility Holdings (EGL) was Initiated by SunTrust to “Buy” and the brokerage firm has set the Price Target at $30. SunTrust advised their investors in a research report released on Jul 21, 2016.

On the company’s financial health, Engility Holdings reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.20. The company had revenue of $53.00 million for the quarter, compared to analysts expectations of $516.85 million. The company’s revenue was down -86.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Engility Holdings opened for trading at $25.72 and hit $25.91 on the upside on Wednesday, eventually ending the session at $25.64, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 53,501 shares. Company has a market cap of $942 M.

In a different news, on Jun 7, 2016, Richard B Harkey (VP, CAO, Corporate Controller) sold 4,506 shares at $23.16 per share price. According to the SEC, on Apr 5, 2016, Lynn A Dugle (CEO) purchased 8,102 shares at $18.25 per share price. On Mar 23, 2016, John P Hynes (COO) purchased 3,330 shares at $18.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Engility Holdings

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