The stock of Engility Holdings, Inc. (NYSE:EGL) hit a new 52-week high and has $57.22 target or 59.00% above today’s $35.99 share price. The 5 months bullish chart indicates low risk for the $1.22 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $57.22 price target is reached, the company will be worth $719.80 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 191,095 shares traded hands or 137.05% up from the average. Engility Holdings, Inc. (NYSE:EGL) has risen 86.81% since April 11, 2016 and is uptrending. It has outperformed by 80.66% the S&P500.
Engility Holdings, Inc. (NYSE:EGL) Ratings Coverage
Out of 8 analysts covering Engility Holdings (NYSE:EGL), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Engility Holdings has been the topic of 8 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, January 22 by FBR Capital. Maxim Group downgraded the shares of EGL in a report on Thursday, January 21 to “Hold” rating. Jefferies initiated the shares of EGL in a report on Wednesday, January 20 with “Buy” rating. The rating was downgraded by Paradigm Research to “Hold” on Thursday, April 7. The stock of Engility Holdings, Inc. (NYSE:EGL) has “Market Perform” rating given on Wednesday, August 17 by Cowen & Co. The rating was initiated by Suntrust Robinson with “Buy” on Thursday, July 21. The stock has “Hold” rating given by Drexel Hamilton on Monday, January 25. On Tuesday, July 28 the stock rating was initiated by BB&T Capital with “Hold”.
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 Q2 2016. Its up Infinity, from 0 in 2016Q1. The ratio is positive, 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.
Gemmer Asset Limited Liability Corporation holds 0% or 145 shares in its portfolio. Vantage Advisors Ltd Co accumulated 25 shares or 0% of the stock.
More recent Engility Holdings, Inc. (NYSE:EGL) news were published by: Bizjournals.com which released: “Engility showing signs that ‘best value’ pivot is working” on November 01, 2016. Also Fool.com published the news titled: “Engility Holdings, Inc. Stock Down 41% Today: Here’s What Happened” on January 21, 2016. Businesswire.com‘s news article titled: “Engility Wins Prime Position on Potential $5 Billion Cyber Security and …” with publication date: December 03, 2015 was also an interesting one.
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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