Modine Manufacturing Company (NYSE:MOD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Modine Manufacturing Company (NYSE:MODGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $327.1429.

MOD has been the topic of a number of recent analyst reports. KeyCorp upped their target price on Modine Manufacturing from $250.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Weiss Ratings raised Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. DA Davidson upped their target price on Modine Manufacturing from $265.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Wall Street Zen raised Modine Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, B. Riley Financial upped their target price on Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th.

Check Out Our Latest Stock Report on MOD

Institutional Investors Weigh In On Modine Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in MOD. V Square Quantitative Management LLC acquired a new stake in shares of Modine Manufacturing during the 1st quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Modine Manufacturing during the 4th quarter worth approximately $25,000. Spire Wealth Management acquired a new stake in shares of Modine Manufacturing during the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Modine Manufacturing during the 3rd quarter worth approximately $39,000. Finally, Danske Bank A S acquired a new stake in shares of Modine Manufacturing during the 3rd quarter worth approximately $43,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

Modine Manufacturing stock opened at $278.77 on Wednesday. The stock’s 50 day moving average price is $256.98 and its 200 day moving average price is $202.90. The firm has a market capitalization of $14.72 billion, a PE ratio of 124.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.94. Modine Manufacturing has a one year low of $86.48 and a one year high of $323.25.

Modine Manufacturing (NYSE:MODGet Free Report) last released its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.51 by $0.20. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The business had revenue of $954.40 million for the quarter, compared to analysts’ expectations of $920.67 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The company’s revenue was up 47.5% compared to the same quarter last year. As a group, sell-side analysts expect that Modine Manufacturing will post 7.73 EPS for the current fiscal year.

About Modine Manufacturing

(Get Free Report)

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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Analyst Recommendations for Modine Manufacturing (NYSE:MOD)

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