Oppenheimer Remains a Buy on Enpro Industries (NPO)

In a report released today, Ian Zaffino from Oppenheimer maintained a Buy rating on Enpro Industries (NPOResearch Report), with a price target of $85. The company’s shares opened today at $65.19.

Zaffino said:

“Management hosted a bullish investor day focused on delivering long-term sustainable growth. Specifically, the company looks to capitalize on the emerging mega trends within semiconductor, food and pharma (hygienic) and aerospace. Against a favorable macro outlook, management looks to build a fast-growing and scalable business through innovation and operational efficiencies to achieve long- term 20% segment EBITDA margins. Maintain Outperform.”

According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 0.6% and a 49.5% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts Inc, and Wyndham Destinations Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enpro Industries with a $89 average price target.

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Enpro Industries’ market cap is currently $1.34B and has a P/E ratio of 56.73. The company has a Price to Book ratio of 1.56.

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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.

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