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

Key Points

• Oppenheimer has increased the target price for Enpro (NYSE:NPO) from $215.00 to $240.00, indicating a potential upside of 6.81% from its previous close and maintaining an "outperform" rating.
• Enpro's stock recently experienced a 4.6% increase in value, with the current trading price opening at $224.69.
• The company's last earnings report showed a slight miss on earnings per share at $2.03, compared to an estimate of $2.08, although revenue exceeded expectations at $288.10 million.

Enpro (NYSE:NPO - Get Free Report) had its price objective boosted by investment analysts at Oppenheimer from $215.00 to $240.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the industrial products company's stock. Oppenheimer's price target indicates a potential upside of 12.14% from the stock's previous close.

A number of other research analysts have also issued reports on the company. KeyCorp reiterated an "overweight" rating on shares of Enpro in a research report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Enpro from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Finally, Sidoti upgraded shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd.

Enpro Stock Performance

Shares of NPO traded down $1.49 during trading hours on Wednesday, hitting $214.01. The stock had a trading volume of 101,191 shares, compared to its average volume of 128,401. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 2.14 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.21 and a current ratio of 2.49. The firm has a 50-day moving average price of $199.59 and a 200 day moving average price of $181.77. Enpro has a fifty-two week low of $133.50 and a fifty-two week high of $229.54.

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

Institutional Investors Weigh In On Enpro

Large investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Enpro in the 1st quarter worth $32,000. Huntington National Bank increased its position in Enpro by 106.3% during the second quarter. Huntington National Bank now owns 165 shares of the industrial products company's stock worth $32,000 after purchasing an additional 85 shares during the last quarter. Maseco LLP purchased a new position in Enpro during the second quarter worth about $36,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Enpro in the second quarter valued at approximately $42,000. Finally, UMB Bank n.a. raised its position in Enpro by 57.7% in the second quarter. UMB Bank n.a. now owns 328 shares of the industrial products company's stock valued at $63,000 after purchasing an additional 120 shares during the period. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

About Enpro

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.