EnPro Industries, Inc. (NPO)’s Bullish Wedge Up Points to Lower Stock Risks

December 7, 2017 - By Marry Poplack

Investors sentiment decreased to 1.19 in 2017 Q2. 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.
Invesco has 200,539 shares. American Century Incorporated holds 0.03% or 463,864 shares in its portfolio. Advisory Inc holds 542,438 shares. Bnp Paribas Arbitrage Sa holds 0% in EnPro Industries, Inc. (NYSE:NPO) or 7,810 shares. 19,352 are held by First Tru Advsrs Lp. The Pennsylvania-based Pnc Financial Svcs Gru has invested 0% in EnPro Industries, Inc. (NYSE:NPO). Grantham Mayo Van Otterloo & Com Lc, a Massachusetts-based fund reported 640,087 shares. Bw Gestao De Investimentos Ltda stated it has 0.16% in EnPro Industries, Inc. (NYSE:NPO). Nelson Van Denburg & Campbell Wealth Management Gru Ltd Liability Company owns 40 shares. Central Bancorporation And Tru Co reported 120 shares stake. Eam Lc reported 48,323 shares stake. Swiss Bancorporation has 0% invested in EnPro Industries, Inc. (NYSE:NPO). 35,879 were accumulated by Millennium Mgmt Ltd Co. Thrivent For Lutherans reported 12,900 shares or 0% of all its holdings. Tradewinds Ltd Co accumulated 188 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 EPS, 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 EPS 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 rating was maintained by Sidoti with “Neutral” on Wednesday, September 23. The company was maintained on Monday, July 31 by Oppenheimer. As per Wednesday, July 29, the company rating was upgraded by Gabelli.

More notable recent EnPro Industries, Inc. (NYSE:NPO) news were published by: Businesswire.com which released: “EnPro Industries Announces Expiration of Exchange Offer for Its Unregistered 5 …” on November 15, 2017, also Businesswire.com with their article: “EnPro Industries Announces Acquisition of Qualiseal” published on June 01, 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 Comments on Exchange Offer for Its Unregistered 5.875% Senior …” published on November 13, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Old Dominion Freight Line, EnPro Industries and Avnet” with publication date: December 01, 2017.

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