B. Riley Financial Forecasts Strong Price Appreciation for Modine Manufacturing (NYSE:MOD) Stock

by · The Cerbat Gem

Modine Manufacturing (NYSE:MOD – Get Free Report) had its price target lifted by research analysts at B. Riley Financial from $250.00 to $264.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. B. Riley Financial’s target price points to a potential downside of 12.55% from the company’s current price.

Several other brokerages also recently commented on MOD. Oppenheimer raised their target price on Modine Manufacturing from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Modine Manufacturing in a research note on Wednesday, May 6th. Glj Research started coverage on Modine Manufacturing in a research note on Monday, March 30th. They issued a “buy” rating and a $290.00 target price for the company. Finally, Roth Mkm initiated coverage on Modine Manufacturing in a research note on Wednesday, February 18th. They issued a “buy” rating and a $263.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.57.

Get Our Latest Analysis on MOD

Modine Manufacturing Price Performance

NYSE MOD traded up $41.36 during trading on Tuesday, reaching $301.88. 2,391,826 shares of the company traded hands, compared to its average volume of 1,270,809. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19. The stock’s 50 day moving average price is $239.54 and its two-hundred day moving average price is $191.78. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 167.71, a P/E/G ratio of 1.06 and a beta of 1.66. Modine Manufacturing has a 1-year low of $86.48 and a 1-year high of $323.25.

Institutional Trading of Modine Manufacturing

Several hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in Modine Manufacturing during the 1st quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in Modine Manufacturing during the 4th quarter worth about $25,000. Spire Wealth Management bought a new position in Modine Manufacturing during the 4th quarter worth about $27,000. Sunbelt Securities Inc. bought a new position in Modine Manufacturing during the 3rd quarter worth about $39,000. Finally, Danske Bank A S bought a new position in Modine Manufacturing during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Company Profile

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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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