Modine Manufacturing Company (NYSE:MOD) Receives $327.14 Consensus PT from Analysts

Shares of Modine Manufacturing Company (NYSE:MOD) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $327.1429.

A number of brokerages have issued reports on MOD. DA Davidson increased their price objective on shares of Modine Manufacturing from $265.00 to $330.00 and gave the company a “buy” rating in a report on Friday, May 29th. Wall Street Zen raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. KeyCorp increased their price objective on shares of Modine Manufacturing from $250.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. Roth Mkm began coverage on shares of Modine Manufacturing in a report on Wednesday, February 18th. They set a “buy” rating and a $263.00 price objective for the company. Finally, B. Riley Financial increased their price objective on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday, May 26th.

Institutional Investors Weigh In On Modine Manufacturing

A number of institutional investors have recently added to or reduced their stakes in MOD. 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. World Investment Advisors grew its holdings in shares of Modine Manufacturing by 4.1% in the first quarter. World Investment Advisors now owns 1,643 shares of the auto parts company’s stock valued at $356,000 after purchasing an additional 65 shares in the last quarter. Xponance LLC grew its holdings in shares of Modine Manufacturing by 1.7% in the fourth quarter. Xponance LLC now owns 4,424 shares of the auto parts company’s stock valued at $591,000 after purchasing an additional 75 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Modine Manufacturing by 3.4% in the fourth quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company’s stock valued at $421,000 after purchasing an additional 103 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Modine Manufacturing by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,780 shares of the auto parts company’s stock valued at $386,000 after purchasing an additional 103 shares in the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing Trading Down 0.2%

Modine Manufacturing stock opened at $285.20 on Wednesday. The firm has a 50 day moving average of $262.90 and a 200 day moving average of $207.32. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 127.32, a P/E/G ratio of 0.92 and a beta of 1.65. Modine Manufacturing has a 12-month low of $86.48 and a 12-month high of $323.25. The company has a current ratio of 1.94, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.20. The company had revenue of $954.40 million during the quarter, compared to analyst estimates of $920.67 million. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. As a group, research analysts predict that Modine Manufacturing will post 7.73 earnings per share for the current year.

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.