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Engility: Formerly Unattractive Spin-Off Transformed With Recent Acquisition

2015-04-10 13:13:13| Telecom - Topix.net

Engility's acquisition of TASC will reduce its exposure to the defense end-market and increase its presence in the well-funded intelligence end-market. Target price implies 20% upside, based on assumptions of a 10.5 times forward EV/EBITDA and an estimated 2016 EBITDA of $250 million.

Tags: recent acquisition transformed unattractive

Category:Telecommunications

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