Oppenheimer analyst Ian Zaffino maintained a Buy rating on Enpro Industries (NYSE: NPO) yesterday and set a price target of $100. The company’s shares closed yesterday at $69.75, close to its 52-week low of $66.01.
Zaffino said:
“To conform with guidance, we update our tax rate to ~29% for FY2018E/FY2019E. As a result, we increase from $2.68/$3.12. Our FY2018/2019E adjusted EBITDA of $227M/$240M remains unchanged. $100 price target.”
According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.5% and a 55.5% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Destinations Inc, and Six Flags.
Enpro Industries has an analyst consensus of Moderate Buy, with a price target consensus of $95.
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Based on Enpro Industries’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $12.6 million. In comparison, last year the company had a net profit of $6.4 million.
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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.
