Engility Holdings (EGL) is Reiterated by FBR & Co. to Outperform, Raises Price Target to $ 40

Engility Holdings (EGL) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $35 . FBR & Co. advised their investors in a research report released on Nov 29, 2016.

On the company’s financial health, Engility Holdings reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.38. The company had revenue of $511.80 million for the quarter, compared to analysts expectations of $528.66 million. The company’s revenue was down -10.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

Engility Holdings opened for trading at $36.96 and hit $38.039 on the upside on Friday, eventually ending the session at $37.67, with a gain of 1.89% or 0.7 points. The heightened volatility saw the trading volume jump to 68,078 shares. Company has a market cap of $1,385 M.

In a different news, on Nov 18, 2016, Thomas O. Miiller (SVP,Gen. Counsel. & Corp. Sec.) sold 15,000 shares at $34.87 per share price. According to the SEC, on Jun 7, 2016, Richard B Harkey (VP, CAO, Corporate Controller) sold 4,506 shares at $23.16 per share price. On Apr 5, 2016, Lynn A Dugle (CEO) purchased 8,102 shares at $18.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Engility Holdings

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