Could EnPro Industries, Inc. (NPO) Increase Even More? The Stock Formed Bullish Wedge Up Pattern

December 7, 2017 - By Vivian Currie

Investors sentiment decreased to 1.19 in Q2 2017. Its down 0.17, from 1.36 in 2017Q1. It worsened, 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.
Aperio Group Limited stated it has 8,239 shares or 0% of all its holdings. Moreover, Tradewinds Cap Ltd has 0.01% invested in EnPro Industries, Inc. (NYSE:NPO) for 188 shares. Renaissance Technology Limited Liability has 166,200 shares. Jpmorgan Chase has invested 0% in EnPro Industries, Inc. (NYSE:NPO). Parkside Bancorp And owns 17 shares. Castleark Mngmt Ltd Liability Com holds 0.21% or 90,452 shares in its portfolio. Kbc Nv reported 1,017 shares or 0% of all its holdings. Ameriprise Inc holds 241,043 shares. 13,696 are held by Credit Suisse Ag. Rhumbline Advisers reported 0.01% of its portfolio in EnPro Industries, Inc. (NYSE:NPO). California State Teachers Retirement System holds 37,507 shares or 0.01% of its portfolio. Citadel Advsr Limited has 0% invested in EnPro Industries, Inc. (NYSE:NPO) for 4,827 shares. Ronald Blue & Limited Liability holds 0.01% of its portfolio in EnPro Industries, Inc. (NYSE:NPO) for 2,891 shares. Moreover, D E Shaw & Com has 0% invested in EnPro Industries, Inc. (NYSE:NPO) for 8,017 shares. Parametric Assocs Ltd Company holds 0.01% or 78,756 shares.

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 $12.80M 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. The stock has “Buy” rating by Gabelli on Wednesday, July 29. Oppenheimer maintained it with “Buy” rating and $8500 target in Monday, July 31 report. The company was maintained on Wednesday, September 23 by Sidoti.

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: Not Buying It” published on April 16, 2017, Seekingalpha.com published: “EnPro Industries’ (NPO) CEO Stephen MacAdam on Q2 2017 Results – Earnings Call …” on July 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 Seekingalpha.com‘s news article titled: “EnPro Industries’ (NPO) CEO Stephen Macadam on Q3 2017 Results – Earnings Call …” with publication date: October 31, 2017.

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