Shares of Modine Manufacturing Company (NYSE:MOD - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $264.89.
Several equities research analysts have issued reports on MOD shares. KeyCorp cut their target price on Modine Manufacturing from $280.00 to $225.00 and set an "overweight" rating for the company in a research note on Wednesday. DA Davidson reaffirmed a "buy" rating and issued a $330.00 price target on shares of Modine Manufacturing in a research note on Tuesday, October 27th. Oppenheimer lowered their price target on Modine Manufacturing from $260.00 to $215.00 and set an "outperform" rating for the company in a report on Thursday. B. Riley Financial cut their price objective on Modine Manufacturing from $305.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, October 29th. Finally, UBS Group reduced their price objective on shares of Modine Manufacturing from $355.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday.
Get Our Latest Analysis on Modine Manufacturing
Institutional Investors Weigh In On Modine Manufacturing
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Modine Manufacturing in the 2nd quarter worth approximately $765,540,000. Paradigm Capital Management Inc. NY acquired a new stake in Modine Manufacturing in the 2nd quarter valued at approximately $388,140,000. Reinhart Partners LLC. increased its holdings in Modine Manufacturing by 76.4% in the 3rd quarter. Reinhart Partners LLC. now owns 980,220 shares of the auto parts company's stock valued at $183,497,000 after purchasing an additional 424,534 shares during the last quarter. Jupiter Topco LLC purchased a new stake in Modine Manufacturing in the second quarter valued at approximately $123,873,000. Finally, Blue Whale Capital LLP acquired a new position in Modine Manufacturing during the second quarter worth $123,747,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.
Modine Manufacturing Trading Up 5.0%
Shares of Modine Manufacturing stock traded up $4.53 during mid-day trading on Friday, hitting $95.92. The stock had a trading volume of 2,970,915 shares, compared to its average volume of 1,417,418. The firm has a 50-day moving average of $166.23 and a two-hundred day moving average of $214.16. Modine Manufacturing has a 12-month low of $87.84 and a 12-month high of $323.25. The company has a quick ratio of 1.22, a current ratio of 2.04 and a debt-to-equity ratio of 0.39. The firm has a market cap of $5.09 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.86.
Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.12). Modine Manufacturing had a net margin of 4.28% and a return on equity of 25.59%. The firm had revenue of $994.40 million for the quarter, compared to analysts' expectations of $978.31 million. During the same period in the previous year, the firm posted $0.83 EPS. The firm's quarterly revenue was up 34.6% compared to the same quarter last year. Sell-side analysts forecast that Modine Manufacturing will post 7.02 earnings per share for the current year.
More Modine Manufacturing News
Here are the key news stories impacting Modine Manufacturing this week:
Modine Manufacturing Company Profile
(
Get Free Report)
Modine Manufacturing Company NYSE: MOD is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.
The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.
Founded in 1916 by Arthur B.
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