Oppenheimer Reaffirms Their Buy Rating on Enpro Industries

By Austin Angelo

In a report released today, Ian Zaffino from Oppenheimer reiterated a Buy rating on Enpro Industries (NYSE: NPO), with a price target of $85. The company’s shares opened today at $73.11, close to its 52-week high of $75.71.

Zaffino wrote:

“Driven by solid demand across many segments and cost control, NPO beat expectations with pro forma adj. EBITDA of $58.5M vs. our/Street’s $53.6M/$54.1M. Demand from semiconductor, food & pharma, and general industrial remain strong while auto improved slightly and oil & gas was flat. Soft spots included engines and aftermarket parts, heavy-duty trucks, nuclear and industrial turbines. Encouraged by the quarter’s strength and expected improvement in the Power Systems segment for 2H17, management raised FY2017 pro forma EBITDA guidance to $200-205M, from $193-198M previously. We raise FY2017E EBITDA to $203M from $197M.”

According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.9% and a 56.5% success rate. Zaffino covers the Services sector, focusing on stocks such as Houghton Mifflin, Versum Materials, and Brink’s Company.

Enpro Industries has an analyst consensus of Moderate Buy, with a price target consensus of $85.

The company has a one year high of $75.71 and a one year low of $45.35. Currently, Enpro Industries has an average volume of 118.6K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Todd Anderson, the Div. President of NPO sold 570 shares for a total of $41,325.

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EnPro Industries, Inc. engages in the provision of sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines, and engineered products for use in critical applications. It operates through the following segments: Sealing Products, Engineered Products and Power Systems.