Enpro (NYSE:NPO) Given New $240.00 Price Target at KeyCorp

Key Points

• Enpro's target price has been raised from $220.00 to $240.00 by KeyCorp, with an "overweight" rating, indicating an expected potential upside of 8.47% from its current stock price.
• Other analysts, including Oppenheimer and Wall Street Zen, have also increased their price targets for Enpro, with ratings ranging from "outperform" to "strong-buy."
• Enpro reported $2.03 earnings per share for the latest quarter, slightly missing expectations, but showed a 6.0% year-over-year revenue growth, totaling $288.10 million.

Enpro (NYSE:NPO - Get Free Report) had its target price hoisted by research analysts at KeyCorp from $220.00 to $240.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. KeyCorp's price target would indicate a potential upside of 12.14% from the company's previous close.

A number of other brokerages have also recently weighed in on NPO. Oppenheimer lifted their price target on shares of Enpro from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday. Wall Street Zen raised shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Finally, Sidoti raised shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd.

Enpro Trading Down 0.7%

Shares of NPO traded down $1.49 during mid-day trading on Wednesday, hitting $214.01. The company had a trading volume of 101,191 shares, compared to its average volume of 128,401. The business's 50-day simple moving average is $199.59 and its 200-day simple moving average is $181.77. The company has a quick ratio of 2.21, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. Enpro has a 1-year low of $133.50 and a 1-year high of $229.54. The stock has a market cap of $4.50 billion, a PE ratio of 53.50, a P/E/G ratio of 2.14 and a beta of 1.62.

Enpro (NYSE:NPO - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.05). Enpro had a return on equity of 10.49% and a net margin of 7.83%. The company had revenue of $288.10 million during the quarter, compared to analyst estimates of $283.83 million. During the same period in the prior year, the business posted $2.08 earnings per share. Enpro's revenue was up 6.0% on a year-over-year basis. Sell-side analysts forecast that Enpro will post 7.38 earnings per share for the current year.

Institutional Trading of Enpro

A number of hedge funds and other institutional investors have recently made changes to their positions in NPO. LPL Financial LLC increased its stake in shares of Enpro by 19.3% in the fourth quarter. LPL Financial LLC now owns 19,391 shares of the industrial products company's stock worth $3,357,000 after buying an additional 3,139 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Enpro by 28.6% in the fourth quarter. JPMorgan Chase & Co. now owns 136,617 shares of the industrial products company's stock worth $23,560,000 after buying an additional 30,346 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Enpro by 18.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,987 shares of the industrial products company's stock worth $515,000 after buying an additional 468 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in shares of Enpro in the fourth quarter worth $209,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Enpro in the fourth quarter worth $233,000. Institutional investors own 98.31% of the company's stock.

Enpro Company Profile

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.