Engility Holdings, Inc. (EGL - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 19% in the past one-month time frame.
The upside was likely driven by reports that the company may be exploring a potential sale to other peer defense contractors.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Engility Holdings currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Investors interested in the Aerospace - Defense industry may consider Northrop Grumman Corporation (NOC - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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