Could EnPro Industries, Inc. (NPO) Recover After Forming a Bullish Wedge Up Pattern?

December 7, 2017 - By Stephen Andrade

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.
Gamco Et Al stated it has 298,820 shares. Louisiana State Employees Retirement Sys owns 0.03% invested in EnPro Industries, Inc. (NYSE:NPO) for 8,700 shares. Pub Employees Retirement Association Of Colorado stated it has 0% of its portfolio in EnPro Industries, Inc. (NYSE:NPO). California Public Employees Retirement System owns 0.01% invested in EnPro Industries, Inc. (NYSE:NPO) for 71,500 shares. 35,200 were accumulated by Swiss Bankshares. Moreover, Comerica Retail Bank has 0.06% invested in EnPro Industries, Inc. (NYSE:NPO). 78,756 are held by Parametric Port Associates Limited Liability Company. Point72 Asset Ltd Partnership holds 0.03% of its portfolio in EnPro Industries, Inc. (NYSE:NPO) for 76,600 shares. Sterling Capital Mgmt Ltd owns 12,515 shares. State Board Of Administration Of Florida Retirement has 9,753 shares. First Personal Financial has invested 0% in EnPro Industries, Inc. (NYSE:NPO). Paloma Partners accumulated 0.01% or 7,500 shares. Citadel Advisors Ltd Liability owns 4,827 shares or 0% of their US portfolio. Tcw Gru has 0.1% invested in EnPro Industries, Inc. (NYSE:NPO). Hotchkis And Wiley Limited Liability Company reported 0.39% in EnPro Industries, Inc. (NYSE:NPO).

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. Oppenheimer maintained EnPro Industries, Inc. (NYSE:NPO) rating on Monday, July 31. Oppenheimer has “Buy” rating and $8500 target. On Wednesday, September 23 the stock rating was maintained by Sidoti with “Neutral”. On Wednesday, July 29 the stock rating was upgraded by Gabelli to “Buy”.

More notable recent EnPro Industries, Inc. (NYSE:NPO) news were published by: Seekingalpha.com which released: “EnPro Industries’ (NPO) CEO Stephen Macadam on Q3 2017 Results – Earnings Call …” on October 31, 2017, also Seekingalpha.com with their article: “EnPro Industries: Not Buying It” published on April 16, 2017, Businesswire.com published: “EnPro Industries Announces Expiration of Exchange Offer for Its Unregistered 5 …” on November 15, 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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