Modine Manufacturing Company (NYSE:MOD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Modine Manufacturing Company (NYSE:MOD) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $327.1429.

MOD has been the topic of several analyst reports. Weiss Ratings raised Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Glj Research reaffirmed a “buy” rating and issued a $428.00 target price on shares of Modine Manufacturing in a research report on Monday, June 1st. DA Davidson increased their target price on Modine Manufacturing from $265.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. B. Riley Financial increased their target price on Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Oppenheimer raised their price target on Modine Manufacturing from $271.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, May 28th.

Modine Manufacturing Price Performance

Shares of NYSE MOD opened at $278.77 on Wednesday. Modine Manufacturing has a 1-year low of $86.48 and a 1-year high of $323.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.25. The business’s fifty day moving average price is $256.98 and its two-hundred day moving average price is $202.90. The firm has a market capitalization of $14.72 billion, a PE ratio of 124.45, a P/E/G ratio of 0.89 and a beta of 1.65.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share 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 firm had revenue of $954.40 million for the quarter, compared to analyst estimates of $920.67 million. During the same period last year, the company earned $1.12 earnings per share. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. On average, research analysts expect that Modine Manufacturing will post 7.73 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Optiver Holding B.V. boosted its stake in Modine Manufacturing by 19.7% during 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 in the last quarter. Integrated Investment Consultants LLC bought a new position in Modine Manufacturing during the 1st quarter valued at $201,000. Argent Capital Management LLC grew its holdings in Modine Manufacturing by 25.4% during the first quarter. Argent Capital Management LLC now owns 10,169 shares of the auto parts company’s stock worth $2,204,000 after acquiring an additional 2,060 shares during the period. E20 Capital Ltd grew its holdings in Modine Manufacturing by 212.6% during the first quarter. E20 Capital Ltd now owns 115,013 shares of the auto parts company’s stock worth $24,924,000 after acquiring an additional 78,224 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Modine Manufacturing by 2,249.9% during the first quarter. Janus Henderson Group PLC now owns 523,507 shares of the auto parts company’s stock worth $113,459,000 after acquiring an additional 501,229 shares during the period. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Company Profile

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.