EnPro Industries (NPO) Stock Rating Reaffirmed by SunTrust Banks

EnPro Industries (NYSE:NPO)‘s stock had its “buy” rating reiterated by equities researchers at SunTrust Banks in a report issued on Thursday. They currently have a $88.00 target price on the industrial products company’s stock. SunTrust Banks’ price target would suggest a potential upside of 18.82% from the company’s previous close. SunTrust Banks also issued estimates for EnPro Industries’ Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $0.91 EPS, FY2018 earnings at $3.65 EPS, Q1 2019 earnings at $1.04 EPS, Q2 2019 earnings at $1.30 EPS, Q3 2019 earnings at $1.22 EPS, FY2019 earnings at $4.58 EPS and FY2020 earnings at $4.87 EPS.

Several other research firms have also commented on NPO. Zacks Investment Research lowered EnPro Industries from a “buy” rating to a “sell” rating in a research report on Wednesday, April 18th. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research report on Monday, August 6th. Oppenheimer reduced their price target on EnPro Industries from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, August 2nd. ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Finally, KeyCorp reduced their price target on EnPro Industries from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, May 3rd. Three investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $90.67.

NYSE NPO traded up $1.36 on Thursday, reaching $74.06. 7,375 shares of the stock traded hands, compared to its average volume of 168,152. The company has a quick ratio of 1.78, a current ratio of 2.64 and a debt-to-equity ratio of 0.56. The firm has a market cap of $1.52 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06. EnPro Industries has a 12 month low of $63.73 and a 12 month high of $94.79.

EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.37). The company had revenue of $393.60 million during the quarter, compared to the consensus estimate of $370.48 million. EnPro Industries had a return on equity of 7.33% and a net margin of 36.50%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. research analysts expect that EnPro Industries will post 3.63 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NPO. SG Americas Securities LLC purchased a new position in EnPro Industries during the 1st quarter worth $121,000. Nisa Investment Advisors LLC grew its stake in EnPro Industries by 61.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the industrial products company’s stock worth $147,000 after buying an additional 800 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in EnPro Industries during the 2nd quarter worth $159,000. Cubist Systematic Strategies LLC purchased a new stake in EnPro Industries during the 2nd quarter valued at about $251,000. Finally, Ramsey Quantitative Systems purchased a new stake in EnPro Industries during the 2nd quarter valued at about $278,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

EnPro Industries Company Profile

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.

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Analyst Recommendations for EnPro Industries (NYSE:NPO)

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