Oppenheimer Sticks to Its Buy Rating for Enpro Industries (NPO)

By Austin Angelo

In a report released yesterday, Ian Zaffino from Oppenheimer maintained a Buy rating on Enpro Industries (NPOResearch Report), with a price target of $85. The company’s shares closed yesterday at $67.33.

Zaffino said:

“Helped by strength across most segments, offset by cost challenges in Brake Products, NPO reported 4Q18 adjusted EBITDA of $54.5M compared to our/Street’s $54.8M/$53.5M ests. Revenues of $381.4M improved 5.2% YoY, driven by strong demand in aerospace, food & pharma, heavy-duty tractor and trailer builds, metals & mining and military marine engines. 2019 guidance calls for adjusted EBITDA of $225M-$233M, which reflects planned improvements in the Brake Products Group offset by softness in semiconductor, automotive and heavy-duty truck OE demand. We adjust our 2019E EBITDA to $229M from $240M and lower our price target to $85 from $90. Maintain Outperform.”

According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 0.7% and a 52.2% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts Inc, and frontdoor inc.

Currently, the analyst consensus on Enpro Industries is a Moderate Buy with an average price target of $85.

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The company has a one-year high of $80.66 and a one-year low of $55.48. Currently, Enpro Industries has an average volume of 119.4K.

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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.