In a report released yesterday, Ben Klieve from Noble Financial maintained a Hold rating on Engility Holdings (NYSE: EGL). The company’s shares closed yesterday at $35.65, close to its 52-week high of $38.54.
According to TipRanks.com, Klieve is a 4-star analyst with an average return of 7.7% and a 70.0% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, CPI Aerostructures, and Faro Technologies.
Currently, the analyst consensus on Engility Holdings is a Moderate Buy with an average price target of $40, implying a 12.2% upside from current levels. In a report released yesterday, Cowen & Co. also downgraded the stock to Hold.
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Based on Engility Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $11.93 million. In comparison, last year the company had a net profit of $7.63 million.
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Engility Holdings, Inc. engages in the development and provision of solutions for critical missions. It offers technical consulting, program and business support, engineering services, information technology, deployable communications capability system, joint range extension, shelter integration kits, and global positioning system solutions.
