Engility Holdings Received its Third Buy in a Row


After Cowen & Co. and Stifel Nicolaus gave Engility Holdings (NYSE: EGL) a Buy rating last month, the company received another Buy, this time from Noble Financial. Analyst Ben Klieve assigned a Buy rating to Engility Holdings yesterday and set a price target of $36.50. The company’s shares closed yesterday at $31.39.

According to TipRanks.com, Klieve is a 1-star analyst with an average return of -0.3% and a 53.6% 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 Strong Buy and the average price target is $33.50, representing a 6.7% upside.

In a report issued on May 25, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $38 price target.

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Based on Engility Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $6.49 million. In comparison, last year the company had a net profit of $6.93 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.

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