Enpro (NPO) Receives a Buy from Oppenheimer


In a report released yesterday, Ian Zaffino from Oppenheimer assigned a Buy rating to Enpro (NPO), with a price target of $110.00. The company’s shares closed last Tuesday at $93.76, close to its 52-week high of $96.16.

According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 9.6% and a 54.9% success rate. Zaffino covers the Services sector, focusing on stocks such as Madison Square Garden Entertainment, Madison Square Garden Sports, and Wyndham Hotels & Resorts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enpro with a $109.00 average price target.

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Based on Enpro’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $279 million and net profit of $18 million. In comparison, last year the company earned revenue of $283 million and had a net profit of $219 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NPO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

EnPro Industries, Inc. engages in the designing, developing, manufacturing, and marketing proprietary engineered industrial products. It operates through the following segments: Sealing Products, Engineered Products and Power Systems. The Sealing Products segment is involved in the designing, manufacturing, and selling of sealing products, which includes metallic, non-metallic, and composite material gaskets, dynamic seals, and compression packing. It includes Garlock, Technetics and Stemco divisions. The Engineered Products segment produces self-lubricating, non-rolling metal-polymer, solid polymer, and filament wound bearing products, aluminum blocks for hydraulic applications and precision engineered components and lubrication systems for reciprocating compressors. The Power Systems segment designs, manufactures, sells and services heavy-duty, medium-speed diesel, natural gas and dual fuel reciprocating engines. The company was founded on January 11, 2002 and is headquartered in Charlotte, NC.

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