Modine Manufacturing (NYSE:MOD) Stock Gets Price Target Trim from B. Riley Financial

Modine Manufacturing (NYSE:MOD – Get Free Report) had its price target lowered by equities research analysts at B. Riley Financial from $305.00 to $285.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. B. Riley Financial‘s price target indicates a potential upside of 103.79% from the company’s previous close.

Other research analysts also recently issued reports about the company. KeyCorp reaffirmed an “overweight” rating and set a $280.00 target price on shares of Modine Manufacturing in a research note on Wednesday, September 2nd. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Robert W. Baird started coverage on shares of Modine Manufacturing in a research report on Tuesday, October 6th. They set an “outperform” rating and a $300.00 price objective for the company. Zacks Research downgraded shares of Modine Manufacturing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.44.

Check Out Our Latest Research Report on MOD

Modine Manufacturing Price Performance

Shares of NYSE:MOD traded down $3.69 during trading on Thursday, reaching $139.85. 539,810 shares of the company’s stock traded hands, compared to its average volume of 1,383,689. The company has a quick ratio of 1.22, a current ratio of 2.04 and a debt-to-equity ratio of 0.39. Modine Manufacturing has a fifty-two week low of $111.18 and a fifty-two week high of $323.25. The company has a 50-day simple moving average of $176.88 and a 200-day simple moving average of $214.70. The firm has a market cap of $7.43 billion, a PE ratio of 52.54, a P/E/G ratio of 0.47 and a beta of 1.71.

Modine Manufacturing (NYSE:MOD – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The auto parts company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.26. The company had revenue of $874.10 million during the quarter, compared to analysts’ expectations of $878.69 million. Modine Manufacturing had a return on equity of 25.59% and a net margin of 4.28%. Modine Manufacturing’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. As a group, analysts predict that Modine Manufacturing will post 7.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MOD. V Square Quantitative Management LLC acquired a new stake in shares of Modine Manufacturing during the first quarter worth about $25,000. Rakuten Securities Inc. purchased a new position in shares of Modine Manufacturing in the second quarter valued at approximately $40,000. PenderFund Capital Management Ltd. acquired a new position in shares of Modine Manufacturing in the second quarter valued at approximately $42,000. Optiver Holding B.V. grew its holdings in shares of Modine Manufacturing by 19.7% in the first 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 in the last quarter. Finally, Vega Investment Solutions purchased a new stake in Modine Manufacturing during the 2nd quarter worth approximately $52,000. 95.23% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Modine Manufacturing (NYSE:MOD)

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