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

Key Points

• Oppenheimer raised its price target on Modine Manufacturing from $271 to $325 and kept an “outperform” rating, implying about 19% upside from the previous close.
• Analyst sentiment remains broadly positive, with seven Buy ratings and two Hold ratings overall; the consensus price target now stands at $298.14, while KeyCorp was even more bullish at $370.
• Modine just posted a strong quarter, beating earnings and revenue estimates with EPS of $1.71 and revenue of $954.4 million, helped by 47.5% year-over-year revenue growth.

Modine Manufacturing (NYSE:MOD - Get Free Report) had its target price upped by equities research analysts at Oppenheimer from $271.00 to $325.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the auto parts company's stock. Oppenheimer's price objective points to a potential upside of 19.24% from the company's previous close.

Several other analysts have also commented on MOD. KeyCorp increased their price target on shares of Modine Manufacturing from $250.00 to $370.00 and gave the company an "overweight" rating in a research report on Wednesday. Roth Mkm began coverage on Modine Manufacturing in a research report on Wednesday, February 18th. They set a "buy" rating and a $263.00 price target on the stock. B. Riley Financial increased their price target on Modine Manufacturing from $250.00 to $264.00 and gave the stock a "buy" rating in a research report on Tuesday. DA Davidson restated a "buy" rating and set a $265.00 target price on shares of Modine Manufacturing in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Modine Manufacturing in a research note on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $298.14.

Modine Manufacturing Trading Down 2.6%

Shares of NYSE MOD traded down $7.37 during mid-day trading on Thursday, reaching $272.56. The company had a trading volume of 581,924 shares, compared to its average volume of 1,289,867. The company has a current ratio of 2.19, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 121.58, a price-to-earnings-growth ratio of 1.20 and a beta of 1.66. The business's 50-day moving average is $243.35 and its 200-day moving average is $193.73. Modine Manufacturing has a 52 week low of $86.48 and a 52 week high of $323.25.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.20. The firm had revenue of $954.40 million during the quarter, compared to analyst estimates of $920.67 million. Modine Manufacturing had a return on equity of 25.15% and a net margin of 3.82%.Modine Manufacturing's quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. Equities analysts expect that Modine Manufacturing will post 7.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MOD. Capital Research Global Investors purchased a new position in Modine Manufacturing in the 3rd quarter worth approximately $184,610,000. Invesco Ltd. increased its holdings in shares of Modine Manufacturing by 120.4% during the 4th quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company's stock worth $176,037,000 after buying an additional 720,389 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Modine Manufacturing by 31.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company's stock worth $311,503,000 after buying an additional 560,131 shares during the last quarter. WT Asset Management Ltd acquired a new stake in shares of Modine Manufacturing during the 4th quarter worth approximately $69,255,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Modine Manufacturing by 2,249.9% during the 1st quarter. Janus Henderson Group PLC now owns 523,507 shares of the auto parts company's stock worth $113,459,000 after buying an additional 501,229 shares during the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing News Roundup

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

• Positive Sentiment: Modine announced a long-term agreement to supply more than $4 billion of cooling products for a strategic data center customer, including a $165 million upfront cash payment to help fund capacity expansion. Modine Reports Fourth Quarter Fiscal 2026 Results
• Positive Sentiment: Modine beat fiscal Q4 earnings and revenue estimates, reporting EPS of $1.71 versus $1.51 expected and revenue of $954.4 million versus $920.7 million expected, with revenue up 47.5% year over year. Modine (MOD) Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: KeyCorp raised its price target on Modine to $370 and kept an overweight rating, signaling further upside expectations after the strong results. Read More: Read More.
• Neutral Sentiment: Modine updated fiscal 2027 guidance and projected revenue of $3.1 billion to $3.9 billion, which is broadly in line with expectations and suggests continued growth, but the details provided were incomplete.
• Negative Sentiment: DA Davidson reiterated a buy rating but lowered its price target to $265, below the current share price, which could signal valuation caution after the recent surge. Read More: Read More.

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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