Cowen & Company Initiates Coverage on Engility Holdings to Outperform

Cowen & Company Initiates Coverage on Engility Holdings(NYSE:EGL). The shares have been rated Outperform. The rating by Cowen & Company was issued on Jun 22, 2016.

In a different note, On Apr 7, 2016, Paradigm Capital said it Downgrades its rating on Engility Holdings. In the research note, the firm Lowers the price-target to $1.30 per share. The shares have been rated ‘Hold’ by the firm.

Engility Holdings (EGL) shares turned negative on Mondays trading session with the shares closing down -2.09 points or -9.60% at a volume of 1,31,003. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.13. The peak price level was also seen at $22.13 while the days lowest was $19.61. Finally the shares closed at $19.69. The 52-week high of the shares is $35.92 while the 52-week low is $11.46. According to the latest information available, the market cap of the company is $724 M.

Engility Holdings(EGL) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $522.78M. Analysts had an estimated revenue of $516.85M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.20.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Richard B Harkey (VP, CAO, Corporate Controller) sold 4,506 shares at $23.16 per share price.Also, On Apr 5, 2016, Lynn A Dugle (CEO) purchased 8,102 shares at $18.25 per share price.On Mar 23, 2016, John P Hynes (COO) purchased 3,330 shares at $18.06 per share price, according to the Form-4 filing with the securities and exchange commission.

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