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EGL

Engility

$30.12

-0.36 (-1.18%)

07:34
10/17/16
10/17
07:34
10/17/16
07:34

Engility wins $369M contract to modernize air traffic control system

Engility Holdings announced the U.S. Department of Transportation's Volpe National Transportation Systems Center has awarded a $369M contract to provide engineering and technical services as well as financial and program management supporting the modernization of this country's air traffic management system, known as NextGen. Under this contract, the Engility team will support the Federal Aviation Administration Air Traffic Organization's Program Management Office. This win broadens Engility's support to the PMO, which is the lynchpin for the FAA's acquisition and implementation of NextGen, as well as all communications, navigation, weather, surveillance and automation modernization programs. This five-year single award contract has a ceiling value of $369M. It is a fourth-quarter win representing a combination of new and existing work, which primarily will be performed as cost-plus-fixed-fee.

  • 01

    Nov

EGL Engility
$30.12

-0.36 (-1.18%)

07/21/16
RHCO
07/21/16
INITIATION
Target $30
RHCO
Buy
Engility initiated with a Buy at SunTrust
SunTrust analyst Tobey Sommer initiated Engility with a Buy and $30 price target based on new management changes, expected superior book-to-bill in coming quarters resulting from a stronger internal bid and proposal engine, an inflection to positive organic growth in 2017, and potential for a boost to cash flow and EPS from refinancing expensive debt.
07/26/16
FBRC
07/26/16
NO CHANGE
Target $35
FBRC
Outperform
Engility price target raised to $35 from $25 at FBR Capital
FBR Capital analyst Christopher Van Horn raised his price target for Engility Holdings to $35 citing the company's "strong" Q2 revenue and EBITDA preannouncement. The analyst sees opportunities for the company as the government IT contracting industry shifts towards solutions-based and potentially higher-margin work. He reiterates an Outperform rating on the shares.
08/02/16
COWN
08/02/16
NO CHANGE
Target $36
COWN
Outperform
Engility price target raised to $36 from $27 at Cowen
Cowen raised its price target on Engility to $36 from $27 citing solid quarterly results and an improving bookings/sales outlook. The firm noted shares still trade at a discount on a free cash flow basis and that the stock also has high short interest. Cowen maintained its Outperform rating on Engility shares.
08/17/16
COWN
08/17/16
DOWNGRADE
Target $36
COWN
Market Perform
Engility downgraded to Market Perform from Outperform at Cowen
Cowen analyst Lucy Guo downgraded Engility to Market Perform citing valuation with the shares up 169% since the February 11 low. The stock's valuation is now on par with the company's Defense IT peers, Guo tells investors in a research note. She has a $36 price target for the shares.

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