Notable Runner: Will Engility Holdings, Inc. Run Out of Steam Soon?

Notable Runner: Will Engility Holdings, Inc. Run Out of Steam Soon?

The stock of Engility Holdings, Inc. (NYSE:EGL) hit a new 52-week high and has $40.63 target or 8.00% above today’s $37.62 share price. The 6 months bullish chart indicates low risk for the $1.36B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $40.63 price target is reached, the company will be worth $108.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 55,873 shares traded hands. Engility Holdings, Inc. (NYSE:EGL) has risen 88.82% since April 22, 2016 and is uptrending. It has outperformed by 83.41% the S&P500.

Analysts await Engility Holdings, Inc. (NYSE:EGL) to report earnings on March, 2. They expect $0.49 EPS, down 25.76% or $0.17 from last year’s $0.66 per share. EGL’s profit will be $17.71 million for 19.19 P/E if the $0.49 EPS becomes a reality. After $0.52 actual EPS reported by Engility Holdings, Inc. for the previous quarter, Wall Street now forecasts -5.77% negative EPS growth.

Engility Holdings, Inc. (NYSE:EGL) Ratings Coverage

Out of 9 analysts covering Engility Holdings (NYSE:EGL), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Engility Holdings has been the topic of 9 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Engility Holdings, Inc. (NYSE:EGL) earned “Buy” rating by Jefferies on Wednesday, January 20. Noble Financial downgraded the shares of EGL in a report on Tuesday, November 15 to “Hold” rating. The firm earned “Hold” rating on Thursday, January 21 by Maxim Group. The rating was initiated by Suntrust Robinson with “Buy” on Thursday, July 21. The stock has “Hold” rating given by Paradigm Research on Thursday, April 7. As per Wednesday, August 17, the company rating was downgraded by Cowen & Co. The firm has “Hold” rating by Drexel Hamilton given on Monday, January 25. The stock of Engility Holdings, Inc. (NYSE:EGL) has “Hold” rating given on Tuesday, July 28 by BB&T Capital. FBR Capital maintained it with “Outperform” rating and $25 target price in Friday, January 22 report.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to Infinity in 2016 Q2. Its up Infinity, from 0 in 2016Q1. The ratio increased, as 0 funds sold all Engility Holdings, Inc. shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 170 shares or 50.00% less from 340 shares in 2016Q1.
Vantage Invest Advisors Limited Liability Co accumulated 25 shares or 0% of the stock. Gemmer Asset Mngmt Limited Liability Company has 0% invested in the company for 145 shares.

Insider Transactions: Since November 16, 2016, the stock had 0 buys, and 1 insider sale for $523,050 net activity. Miiller Thomas O. sold $523,050 worth of stock or 15,000 shares.

More news for Engility Holdings, Inc. (NYSE:EGL) were recently published by: Fool.com, which released: “Engility Holdings, Inc. Stock Down 41% Today: Here’s What Happened” on January 21, 2016. Bizjournals.com‘s article titled: “Engility showing signs that ‘best value’ pivot is working” and published on November 01, 2016 is yet another important article.

EGL Company Profile

Engility Holdings, Inc. (Engility), incorporated on November 18, 2011, is engaged in providing a range of engineering, technical, analytical, advisory, training, logistics and support services. The Firm offers a range of services, including technical consulting, program and business support, engineering and technology lifecycle support, information technology (IT) modernization and sustainment, supply chain services and logistics management, training and education to the United States Government personnel around the world. The Firm serves various areas, such as intelligence, space architecture and systems engineering, climate change, international capacity development, air traffic management, asymmetric threats, emergency preparedness and response, non-kinetic warfare tactics, techniques and procedures, command, control, communications, computing, intelligence, surveillance and reconnaissance (C4ISR) technology sustainment, IT modernization, modeling and simulation, and training and education.

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