Modine Manufacturing (NYSE:MOD) Stock Price Target Cut by UBS Group

Modine Manufacturing (NYSE:MOD) had its price objective lowered by stock analysts at UBS Group from $355.00 to $160.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. UBS Group‘s price objective would indicate a potential upside of 75.97% from the company’s current price.

A number of other research analysts have also weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $330.00 target price on shares of Modine Manufacturing in a report on Tuesday, October 27th. Cantor Fitzgerald decreased their price target on shares of Modine Manufacturing from $275.00 to $178.00 and set an “overweight” rating on the stock in a research note on Thursday. Robert W. Baird initiated 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. KeyCorp dropped their price objective on shares of Modine Manufacturing from $280.00 to $225.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Oppenheimer dropped their price objective on shares of Modine Manufacturing from $260.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.89.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $90.93 on Thursday. The stock has a 50 day moving average of $168.05 and a 200 day moving average of $214.36. Modine Manufacturing has a 12 month low of $87.84 and a 12 month high of $323.25. The firm has a market cap of $4.83 billion, a PE ratio of 38.04, a PEG ratio of 0.35 and a beta of 1.86. The company has a current ratio of 2.04, a quick ratio of 1.22 and a debt-to-equity ratio of 0.39.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, November 3rd. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). The firm had revenue of $994.40 million during the quarter, compared to the consensus estimate of $978.31 million. Modine Manufacturing had a return on equity of 26.28% and a net margin of 3.58%. The business’s revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. On average, research analysts expect that Modine Manufacturing will post 7.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. raised its position in Modine Manufacturing by 26.8% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 19,465 shares of the auto parts company’s stock valued at $3,642,000 after purchasing an additional 4,108 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in Modine Manufacturing by 12.7% in the third quarter. Maryland State Retirement & Pension System now owns 3,157 shares of the auto parts company’s stock worth $591,000 after purchasing an additional 356 shares in the last quarter. Penn Capital Management Company LLC raised its holdings in Modine Manufacturing by 37.0% in the third quarter. Penn Capital Management Company LLC now owns 8,501 shares of the auto parts company’s stock worth $1,608,000 after purchasing an additional 2,297 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Modine Manufacturing by 13.8% during the third quarter. Van Berkom & Associates Inc. now owns 249,114 shares of the auto parts company’s stock valued at $46,634,000 after buying an additional 30,126 shares during the last quarter. Finally, Ethic Inc. lifted its position in shares of Modine Manufacturing by 56.5% during the third quarter. Ethic Inc. now owns 4,487 shares of the auto parts company’s stock valued at $840,000 after buying an additional 1,619 shares during the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing News Roundup

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine reported a record $1 billion in quarterly order intake, driven by demand for AI data-center cooling and related products. Management highlighted plans to expand production capacity to meet demand. Article: Modine posts record $1B quarterly order intake on AI data center demand
• Positive Sentiment: Management forecast fiscal 2027 sales of $3.1 billion to $3.2 billion and adjusted EBITDA of $470 million to $500 million, citing strong data-center demand. The company also discussed efforts to recover rising material costs. Article: Modine expects fiscal 2027 sales and adjusted EBITDA as data center demand drives growth
• Negative Sentiment: Modine’s fiscal second-quarter adjusted EPS of $1.35 missed the $1.47 consensus, despite revenue of $994.4 million topping expectations. The earnings miss was accompanied by the stock setting a new one-year low. Article: Modine Manufacturing sets new 1-year low after earnings miss
• Negative Sentiment: Several firms cut their price targets: UBS lowered its target to $160 from $355, Cantor Fitzgerald to $178 from $275, Oppenheimer to $215 from $260, and KeyCorp to $225 from $280. The firms maintained Buy, Overweight or Outperform ratings, but the large reductions underscore a more cautious reassessment of the shares. Article: UBS adjusts Modine Manufacturing price target

Modine Manufacturing Company Profile

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.