Does This Provide a Reason to Buy EnPro Industries, Inc. (NPO)? The Stock Has Formed Wedge Up Pattern

December 7, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.19 in Q2 2017. Its down 0.17, from 1.36 in 2017Q1. It turned negative, as 17 investors sold EnPro Industries, Inc. shares while 41 reduced holdings. 24 funds opened positions while 45 raised stakes. 19.20 million shares or 0.08% more from 19.19 million shares in 2017Q1 were reported.
Northern Trust has 0.01% invested in EnPro Industries, Inc. (NYSE:NPO) for 282,334 shares. Capstone Asset Mngmt accumulated 4,086 shares. Creative Planning stated it has 0% in EnPro Industries, Inc. (NYSE:NPO). Dimensional Fund Advsr Ltd Partnership has 701,057 shares. Morgan Stanley holds 0% of its portfolio in EnPro Industries, Inc. (NYSE:NPO) for 21,383 shares. 8,017 were accumulated by D E Shaw And. National Bank Of America Corp De invested 0% of its portfolio in EnPro Industries, Inc. (NYSE:NPO). Envestnet Asset reported 0% stake. Sei Invs accumulated 22,205 shares. Mutual Of America Capital Mngmt Limited Co holds 0.14% in EnPro Industries, Inc. (NYSE:NPO) or 110,904 shares. Susquehanna Int Group Incorporated Limited Liability Partnership invested in 0% or 5,888 shares. Bankshares Of Montreal Can invested in 22,409 shares or 0% of the stock. Eam Ltd Liability Corp holds 0.57% of its portfolio in EnPro Industries, Inc. (NYSE:NPO) for 48,323 shares. Suntrust Banks Incorporated reported 16,924 shares. Geode Capital Mgmt Limited Liability Company reported 165,497 shares stake.

The stock of EnPro Industries, Inc. (NPO) formed an up wedge with $92.40 target or 5.00 % above today’s $88.00 share price. The 6 months wedge indicates low risk for the $1.88B company. If the $92.40 price target is reached, the company will be worth $93.85M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.91% or $0.79 during the last trading session, reaching $88. About 273,704 shares traded or 112.78% up from the average. EnPro Industries, Inc. (NYSE:NPO) has risen 42.29% since December 8, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Analysts await EnPro Industries, Inc. (NYSE:NPO) to report earnings on February, 21. They expect $0.60 earnings per share, up 300.00 % or $0.45 from last year’s $0.15 per share. NPO’s profit will be $12.80 million for 36.67 P/E if the $0.60 EPS becomes a reality. After $0.73 actual earnings per share reported by EnPro Industries, Inc. for the previous quarter, Wall Street now forecasts -17.81 % negative EPS growth.

EnPro Industries, Inc. (NYSE:NPO) Ratings Coverage

Among 5 analysts covering Enpro Industries (NYSE:NPO), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Enpro Industries had 6 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, September 23, the company rating was maintained by Sidoti. The firm earned “Buy” rating on Monday, July 31 by Oppenheimer. The rating was upgraded by Gabelli to “Buy” on Wednesday, July 29.

More notable recent EnPro Industries, Inc. (NYSE:NPO) news were published by: Businesswire.com which released: “EnPro Industries Comments on Exchange Offer for Its Unregistered 5.875% Senior …” on November 13, 2017, also Seekingalpha.com with their article: “EnPro Industries’ (NPO) CEO Stephen MacAdam on Q2 2017 Results – Earnings Call …” published on July 31, 2017, Seekingalpha.com published: “EnPro Industries’ (NPO) CEO Stephen Macadam on Q3 2017 Results – Earnings Call …” on October 31, 2017. More interesting news about EnPro Industries, Inc. (NYSE:NPO) were released by: Businesswire.com and their article: “EnPro Industries Announces Expiration of Exchange Offer for Its Unregistered 5 …” published on November 15, 2017 as well as Businesswire.com‘s news article titled: “EnPro Industries Announces Acquisition of Qualiseal” with publication date: June 01, 2017.

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