Modine Manufacturing (NYSE:MOD) Price Target Cut to $215.00 by Analysts at Oppenheimer

Modine Manufacturing (NYSE:MOD) had its target price reduced by analysts at Oppenheimer from $260.00 to $215.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Oppenheimer‘s target price would indicate a potential upside of 136.19% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. KeyCorp cut their price target on shares of Modine Manufacturing from $280.00 to $225.00 and set an “overweight” rating on the stock in a research report on Wednesday. Zacks Research cut Modine Manufacturing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. DA Davidson reaffirmed a “buy” rating and issued a $330.00 target price on shares of Modine Manufacturing in a research report on Tuesday, October 27th. Finally, Robert W. Baird initiated coverage on Modine Manufacturing in a report on Tuesday, October 6th. They set an “outperform” rating and a $300.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Modine Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $281.56.

Modine Manufacturing Stock Down 7.6%

Shares of NYSE MOD traded down $7.53 during midday trading on Thursday, reaching $91.03. The company’s stock had a trading volume of 2,516,918 shares, compared to its average volume of 1,445,950. The company has a current ratio of 2.04, a quick ratio of 1.22 and a debt-to-equity ratio of 0.39. Modine Manufacturing has a fifty-two week low of $87.84 and a fifty-two week high of $323.25. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 0.45 and a beta of 1.86. The stock has a 50 day simple moving average of $169.98 and a 200-day simple moving average of $214.59.

Modine Manufacturing (NYSE:MOD) last announced its 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 return on equity of 26.28% and a net margin of 3.58%. The business had revenue of $994.40 million for the quarter, compared to analyst estimates of $978.31 million. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. Equities research analysts predict that Modine Manufacturing will post 7.02 earnings per share for the current year.

Institutional Trading of Modine Manufacturing

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOD. V Square Quantitative Management LLC acquired a new stake in Modine Manufacturing in the first quarter valued at $25,000. Rakuten Securities Inc. acquired a new position in shares of Modine Manufacturing during the 2nd quarter worth about $40,000. PenderFund Capital Management Ltd. acquired a new position in shares of Modine Manufacturing during the 2nd quarter worth about $42,000. Optiver Holding B.V. raised its holdings in shares of Modine Manufacturing by 19.7% in the 1st quarter. Optiver Holding B.V. now owns 237 shares of the auto parts company’s stock valued at $51,000 after purchasing an additional 39 shares during the period. Finally, Vega Investment Solutions bought a new stake in shares of Modine Manufacturing in the 2nd quarter valued at about $52,000. 95.23% of the stock is owned by institutional investors.

Key Modine Manufacturing News

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

• Positive Sentiment: Modine reported record quarterly order intake of about $1 billion, driven by AI data-center demand, and is expanding production capacity to meet expected growth. Modine posts record $1B quarterly order intake on AI data center demand
• Positive Sentiment: Management expects fiscal 2027 sales of $3.1 billion to $3.2 billion and adjusted EBITDA of $470 million to $500 million, with data-center segment growth forecast at 80%–90%. Modine expects fiscal 2027 sales and adjusted EBITDA
• Positive Sentiment: Second-quarter revenue rose 34.6% year over year to $994.4 million, beating analyst estimates and supporting the company’s improved full-year revenue outlook. Modine Reports Second Quarter Fiscal 2027 Results
• Neutral Sentiment: Cantor Fitzgerald cut its price target to $178 from $275 but kept an “overweight” rating, indicating a lower valuation view while remaining positive on the shares. Cantor Fitzgerald stock recommendations
• Negative Sentiment: Adjusted EPS was $1.35, below analyst expectations of $1.47–$1.55. Management also highlighted efforts to recover rising material costs, putting margins in focus despite the strong sales growth. MOD Q2 Earnings Call Highlights Growth and Margin Recovery Plans

Modine Manufacturing Company Profile

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.