Engility Holdings Inc (NYSE:EGL) Stock Might be a Great Pick

[Zacks] Engility Holdings Inc (NYSE:EGL)(TREND ANALYSIS) Aerospace/Defense space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Aerospace/Defense space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Engility Holdings is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Engility Holdings Inc (NYSE:EGL) stock is currently trading 44.27% below its 52-week-high, 30.42% above its 52-week-low. The 1-year stock price history is in the range of $20.94 – $49. Engility Holdings Inc (EGL) has a price to earnings ratio of 42.94 versus Services sector average of 17.94. EGL stock price has underperformed the S&P 500 by 11.4%. The Computer Services company is currently valued at $1.01 billion and its share price closed the last trading session at $27.31. The stock has a 50-day moving average of $26.08 and a 200-day moving average of $28.83.

Engility Holdings Inc (EGL) current short interest stands at 0.98 million shares. It has increased by 821% from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.12 million shares, the number of days required to cover the short positions stand at 8 days.

The company is expected to announce next quarter earnings on October 27, at consensus estimate of $0.66. Engility Holdings Inc (EGL) reported last quarter earnings on August 06. The Computer Services company announced earnings per share of $0.51 against a consensus Street estimate of $0.51, matching the average estimate. This corresponds to a decrease of $0.32 compared to the same quarter of the previous fiscal year.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently six analysts that cover Engility Holdings Inc stock. Of those six, six have a Buy rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $38.33.

A recent analyst activity consisted of BB&T Capital who initiated their coverage on the stock with Hold rating on July 28. On the date of report, the stock closed at $21.9.

Stifel Nicolaus upgraded their Hold rating to Buy on May 13. On the date of report, the stock closed at $25.38.

Company profile

Engility Holdings Inc is a pure-play government services contractor providing systems engineering, training, logistics program management and operational support for the U.S government.

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