Modine Manufacturing Company (NYSE:MOD) Stock Has Average Price Target of $264.89

Shares of Modine Manufacturing Company (NYSE:MOD – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat Ratings reports. One investment 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 target price among analysts that have issued ratings on the stock in the last year is $264.89.

Several equities analysts have commented on the stock. B. Riley Financial decreased their price target on shares of Modine Manufacturing from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Robert W. Baird assumed coverage on Modine Manufacturing in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price objective on the stock. KeyCorp decreased their target price on Modine Manufacturing from $280.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, DA Davidson reissued a “buy” rating and set a $330.00 target price on shares of Modine Manufacturing in a research note on Tuesday, October 27th.

View Our Latest Analysis on Modine Manufacturing

Hedge Funds Weigh In On Modine Manufacturing

Several hedge funds and other institutional investors have recently made changes to their positions in MOD. Rakuten Securities Inc. acquired a new position in shares of Modine Manufacturing during the second quarter worth about $40,000. PenderFund Capital Management Ltd. acquired a new stake in Modine Manufacturing in the second quarter valued at approximately $42,000. Optiver Holding B.V. lifted its stake in Modine Manufacturing by 19.7% in the first quarter. Optiver Holding B.V. now owns 237 shares of the auto parts company’s stock worth $51,000 after acquiring an additional 39 shares during the last quarter. Vega Investment Solutions purchased a new position in Modine Manufacturing in the second quarter worth approximately $52,000. Finally, TD Waterhouse Canada Inc. purchased a new position in Modine Manufacturing in the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

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Modine Manufacturing Trading Up 5.0%

Modine Manufacturing stock traded up $4.53 during midday trading on Friday, reaching $95.92. 2,970,915 shares of the stock traded hands, compared to its average volume of 1,417,418. The firm has a market cap of $5.09 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.86. The company has a current ratio of 2.04, a quick ratio of 1.22 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $166.23 and a two-hundred day simple moving average of $214.16. Modine Manufacturing has a 12-month low of $87.84 and a 12-month high of $323.25.

Modine Manufacturing (NYSE:MOD – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). The business had revenue of $994.40 million for the quarter, compared to analysts’ expectations of $978.31 million. Modine Manufacturing had a return on equity of 25.59% and a net margin of 4.28%. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. Research analysts expect that Modine Manufacturing will post 7.02 earnings per share for the current fiscal year.

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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