Zacks Upgrades EnPro Industries to “Neutral” (NPO)
EnPro Industries (NYSE:NPO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has a $58.70 target price on the stock. Zacks‘ price target points to a potential upside of 1.82% from the company’s current price.
Shares of EnPro Industries (NYSE:NPO) traded down 0.16% on Wednesday, hitting $57.65. The stock had a trading volume of 95,259 shares. EnPro Industries has a 1-year low of $41.03 and a 1-year high of $61.24. The stock’s 50-day moving average is $55.97 and its 200-day moving average is $57.09. The company has a market cap of $1.208 billion and a price-to-earnings ratio of 47.10.
EnPro Industries (NYSE:NPO) last released its earnings data on Friday, November 1st. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $276.00 million for the quarter, compared to the consensus estimate of $293.11 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis.
Separately, analysts at Ned Davis Research initiated coverage on shares of EnPro Industries in a research note to investors on Monday, October 7th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.23.
Enpro Industries, Inc (NYSE:NPO), is engaged in the designing, development, manufacturing, and marketing of engineered industrial products.
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