Engility Holdings, Inc. (NYSE:EGL) is now being followed by Stifel, as they initiated the stock at Buy on May 25. Analysts at B. Riley FBR, Inc., maintained the company shares at Buy on March 02 but switched target price from $40 to $38. Analysts at Wells Fargo, made their first call about the stock on December 01, recommending it is Market Perform.
Engility Holdings, Inc. (EGL) hit an intraday high Friday at $29.84. The shares finished at $29.1, after trading as low as $28.505 earlier in the session. It rose 0.24% in recent trade and currently has a stock-market value of $1.07B. Trading activity significantly improved as the volume at ready counter increased to 6,428,422 shares versus 608,320 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,054,088 shares. The stock is now 37.33% above against its bear-market low of $21.19 on March 02, 2018. It has retreated -32.44% since it’s 52-week high of $38.54 reached in September. Now the market price is up 2.46% on the year and up 2.25% YTD.
EGL’s 50 day simple moving average (SMA 50) price is $30.13 and its 200-day simple moving average (SMA 200) price is $31.18. The company’s stock currently has a total float of 17.76M shares. Its weekly volatility is hovering around 3.27% and felt 3.76% volatility in price over a month. On the upside, the share price will test short term resistance at around $29.79. On a downside, the stock is likely to find some support, which begins at $28.46. The failure to get near-term support could push it to $27.81.
Separately, it has been reported that multiple insider activity took place at Engility Holdings, Inc. (EGL). SVP,Gen. Counsel. & Corp. Sec. Miiller Thomas O. sold 3,000 shares for $7,154 in transaction occurred on 2017/12/05. After making this transaction, the SVP,Gen. Counsel. & Corp. Sec. owns a direct stake of 83,910 shares, worth $208,181, as per the last closing price. On 2017/11/29 Marino Peter, Director at EGL, dumped 1,425 shares at an average price of $25.25 per share. The selling total is valued at $35,298.
SVP,Gen. Counsel. & Corp. Sec., Miiller Thomas O. had divested 4,483 shares for $10,154 through a trade on 2017/11/15. Following this activity, the insider holds 128,169 shares worth $295,481 as of recent close. Wall Street’s most bullish Engility Holdings, Inc. (NYSE:EGL) analysts are predicting the share price to blow past $40 per share during the next 12 months. The current median share price forecast by them is $38.5, suggesting that the stock could increase 32.3% in that time frame. The average price target of $37.67 calls for a nearly 29.45% increase in the stock price.
When looking at valuations, Engility Holdings, Inc. (EGL) has a pricey P/E of 47.24x as compared to industry average of 22.47x. Moreover, it trades for 13.14 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.54x price/book and 0.56x price/sales. Compared to others, Engility Holdings, Inc. is in a different league with regards to profitability, having net margins of -1.9%. To put some perspective around this, the industry’s average net margin is 13.12%. EGL’s ROE is -5.4%, which is also considerably worse than the industry’s ROE of 14.1%. It’s also very liquid in the near term, with a current ratio of 1.3. The stock has a debt/capital of 1.28.
Shares of Engility Holdings, Inc. (EGL) have dropped -3.9% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Engility Holdings, Inc. (NYSE:EGL) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. EGL last reported earnings on October 31, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.56 per share, -96.87% change on the same period last year. That was better than consensus for $0.47. Revenue for the recent quarter stood at $471.21 million, down -3% on last year and above the $470.02 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $481.33 million to $485.4 million, which should be compared with $480 million generated last year. EPS is seen in a range of $0.55 to $0.59, against the $0.56 reported a year ago.