The stock of Modine Manufacturing Co. (NYSE:MOD) last traded at $51.60, down -0.02% from the previous session.
Data from the available sources indicates that Modine Manufacturing Co. (NYSE:MOD) is covered by 4 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $50.00, we find $58.50. Given the previous closing price of $51.61, this indicates a potential upside of 13.35 percent. MOD stock price is now 15.11% away from the 50-day moving average and 53.07% away from the 200-day moving average. The market capitalization of the company currently stands at $2.70B.
In total, 0 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $56.75 as their price target over the next twelve months.
In other news, Lucareli Michael B, EVP, CFO sold 60,000 shares of the company’s stock on Nov 20. The stock was sold for $3,017,470 at an average price of $50.29. Upon completion of the transaction, the EVP, CFO now directly owns 214,587 shares in the company, valued at $11.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Director WILLIAMS MARSHA C sold 17,286 shares of the business’s stock. A total of $771,421 was realized by selling the stock at an average price of $44.63. This leaves the insider owning 172,074 shares of the company worth $8.88 million. Insiders disposed of 179,057 shares of company stock worth roughly $9.24 million over the past 1 year. A total of 2.66% of the company’s stock is owned by insiders.
With an opening price of $51.78 on Wednesday morning, Modine Manufacturing Co. (NYSE: MOD) set off the trading day. During the past 12 months, Modine Manufacturing Co. has had a low of $18.80 and a high of $52.28. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.82, and a quick ratio of 1.17. According to the stock market information, the enterprise value for the company is $2.92B, which is based on a 13.33 price-to-earnings ratio, a 1.50 price-to-earnings-growth ratio, and a beta of 2.30. The fifty day moving average price for MOD is $44.83 and a two-hundred day moving average price translates $33.71 for the stock.
The latest earnings results from Modine Manufacturing Co. (NYSE: MOD) was released for Sep, 2023. According to the Auto Parts Company, earnings per share came in at $0.89, beating analysts’ expectations of $0.64 by 0.25. This compares to $0.46 EPS in the same period last year. The net profit margin was 8.50% and return on equity was 37.00% for MOD. The company reported revenue of $620.5 million for the quarter, compared to $578.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.2 percent. For the current quarter, analysts expect MOD to generate $594.92M in revenue.
Modine Manufacturing Co.(MOD) Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units. It also provides heat recovery, round tube plate fin, and motor and generator cooling coils; evaporator unit, fluid, transformer oil, gas, and dry and brine coolers, as well as remote condensers; and coatings to protect against corrosion. In addition, the company offers powertrain cooling products, including engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products comprising exhaust gas recirculation, engine oil, fuel, and charge air coolers; liquid-cooled products, such as engine oil, EGR, liquid charge air, transmission and retarder oil, fuel coolers, and condensers; and complete battery thermal management systems and electronics cooling packages. It serves heating, ventilation, and cooling OEMs; construction architects and contractors; wholesalers of heating equipment; automobile, truck, bus, and specialty vehicle OEMs; agricultural, industrial, and construction equipment OEMs; and commercial and industrial equipment OEMs. The company has operations in North America, South America, Europe, and Asia. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin.
