KeyCorp Forecasts Strong Price Appreciation for Modine Manufacturing (NYSE:MOD) Stock

Key Points

• KeyCorp raised its price target on Modine Manufacturing from $250 to $370 and kept an overweight rating, implying about 32% upside from the current share price.
• Modine posted strong quarterly results, with EPS of $1.71 and revenue of $954.4 million, both beating estimates. Revenue rose 47.5% year over year, showing continued momentum.
• Investor sentiment is being boosted by a major AI/data-center deal: Modine announced a more than $4 billion long-term capacity agreement through 2029, including a $165 million upfront payment to help fund expansion.

Modine Manufacturing (NYSE:MOD - Get Free Report) had its price target hoisted by analysts at KeyCorp from $250.00 to $370.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the auto parts company's stock. KeyCorp's price objective indicates a potential upside of 32.02% from the company's current price.

A number of other research analysts also recently commented on the stock. Wall Street Zen downgraded shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, February 22nd. UBS Group reaffirmed a "buy" rating and set a $310.00 price objective on shares of Modine Manufacturing in a research report on Wednesday. Roth Mkm assumed coverage on shares of Modine Manufacturing in a research report on Wednesday, February 18th. They set a "buy" rating and a $263.00 price objective on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Modine Manufacturing in a research report on Wednesday, May 6th. Finally, DA Davidson reaffirmed a "buy" rating and set a $265.00 price objective on shares of Modine Manufacturing in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $286.00.

Modine Manufacturing Trading Down 5.3%

Shares of Modine Manufacturing stock traded down $15.63 during trading on Wednesday, hitting $280.25. The stock had a trading volume of 1,615,459 shares, compared to its average volume of 1,286,623. The stock has a 50 day simple moving average of $241.71 and a 200 day simple moving average of $192.81. The company has a market capitalization of $14.78 billion, a PE ratio of 155.69, a P/E/G ratio of 1.06 and a beta of 1.66. The company has a quick ratio of 1.28, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. Modine Manufacturing has a 1 year low of $86.48 and a 1 year high of $323.25.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.20. The business had revenue of $954.40 million for the quarter, compared to the consensus estimate of $920.67 million. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. The firm's quarterly revenue was up 47.5% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. On average, research analysts expect that Modine Manufacturing will post 4.82 EPS for the current fiscal year.

Institutional Trading of Modine Manufacturing

A number of institutional investors have recently added to or reduced their stakes in MOD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Modine Manufacturing by 26.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company's stock valued at $2,857,000 after acquiring an additional 7,831 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Modine Manufacturing by 8.3% in the second quarter. California Public Employees Retirement System now owns 68,702 shares of the auto parts company's stock worth $6,767,000 after buying an additional 5,244 shares during the last quarter. State Street Corp lifted its stake in shares of Modine Manufacturing by 4.2% in the second quarter. State Street Corp now owns 1,309,488 shares of the auto parts company's stock worth $128,985,000 after buying an additional 53,351 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Modine Manufacturing by 106.3% in the second quarter. Qube Research & Technologies Ltd now owns 161,319 shares of the auto parts company's stock worth $15,890,000 after buying an additional 83,105 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Modine Manufacturing by 70.8% in the second quarter. Sei Investments Co. now owns 309,653 shares of the auto parts company's stock worth $30,501,000 after buying an additional 128,348 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Key Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine announced a landmark long-term capacity agreement worth more than $4 billion through 2029 to supply Airedale cooling solutions to a strategic data-center customer, giving investors greater confidence in future revenue visibility and demand for its AI-related thermal management products. Article Title
• Positive Sentiment: The customer also made a $165 million upfront cash payment to help fund capacity expansion, which reduces execution risk and supports Modine’s ability to scale without leaning heavily on debt or dilution. Article Title
• Positive Sentiment: Modine’s latest earnings showed continued momentum, with fiscal Q4 EPS of $1.71 and revenue of $954.4 million, both ahead of Wall Street estimates, while sales rose sharply from a year earlier. Article Title
• Positive Sentiment: Several articles highlighted Modine as a beneficiary of AI infrastructure spending, with commentary noting that the company is increasingly viewed as a data-center cooling play rather than a traditional auto/industrial supplier. Article Title
• Neutral Sentiment: DA Davidson reaffirmed its Buy rating and set a $265 price target, which is below the current trading level, suggesting the stock may have already priced in much of the recent good news. Article Title
• Neutral Sentiment: Modine also updated FY2027 revenue guidance to a range of $3.1 billion to $3.9 billion, underscoring longer-term growth potential but leaving some uncertainty around profitability details. Article Title

About Modine Manufacturing

Modine Manufacturing Company NYSE: MOD is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.

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