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 equities research analysts at Oppenheimer from $215.00 to $240.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Oppenheimer's price objective would suggest a potential upside of 12.14% from the company's previous close.

A number of other equities research analysts also recently weighed in on NPO. Wall Street Zen raised Enpro from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Sidoti raised shares of Enpro to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Enpro in a research report on Tuesday, June 3rd.

Enpro Trading Down 0.7%

Shares of NYSE NPO traded down $1.49 during mid-day trading on Wednesday, hitting $214.01. 101,191 shares of the company traded hands, compared to its average volume of 128,401. Enpro has a 1 year low of $133.50 and a 1 year high of $229.54. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 2.16 and a beta of 1.62. The company has a quick ratio of 2.21, a current ratio of 2.49 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average of $199.59 and a two-hundred day moving average of $181.75.

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 analysts' consensus estimates of $2.08 by ($0.05). The business had revenue of $288.10 million during the quarter, compared to analysts' expectations of $283.83 million. Enpro had a net margin of 7.83% and a return on equity of 10.49%. Enpro's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.08 EPS. On average, sell-side analysts anticipate that Enpro will post 7.38 earnings per share for the current fiscal year.

Institutional Trading of Enpro

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Enpro by 2.6% during the first quarter. Principal Financial Group Inc. now owns 104,564 shares of the industrial products company's stock valued at $16,917,000 after purchasing an additional 2,691 shares during the last quarter. GAMMA Investing LLC boosted its position in Enpro by 94.5% in the 1st quarter. GAMMA Investing LLC now owns 498 shares of the industrial products company's stock valued at $81,000 after buying an additional 242 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Enpro in the 1st quarter valued at $1,720,000. Teacher Retirement System of Texas bought a new position in Enpro in the 1st quarter valued at $495,000. Finally, GSA Capital Partners LLP bought a new position in Enpro in the 1st quarter valued at $1,269,000. 98.31% of the stock is owned by institutional investors.

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.