Brokerages Set Modine Manufacturing Company (NYSE:MOD) Price Target at $234.33

Modine Manufacturing Company (NYSE:MOD) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $234.3333.

Several brokerages recently commented on MOD. Roth Mkm began coverage on shares of Modine Manufacturing in a report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. Glj Research began coverage on shares of Modine Manufacturing in a report on Monday, March 30th. They issued a “buy” rating and a $290.00 target price on the stock. Oppenheimer lifted their target price on shares of Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, DA Davidson reiterated a “buy” rating and issued a $265.00 target price on shares of Modine Manufacturing in a report on Tuesday, March 31st.

Insider Buying and Selling

In related news, Director Suresh V. Garimella sold 1,100 shares of Modine Manufacturing stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $184.07, for a total value of $202,477.00. Following the transaction, the director owned 79,856 shares in the company, valued at $14,699,093.92. This trade represents a 1.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new position in shares of Modine Manufacturing during the 4th quarter worth about $25,000. Spire Wealth Management bought a new position in shares of Modine Manufacturing during the 4th quarter worth about $27,000. First Horizon Corp bought a new position in shares of Modine Manufacturing during the 3rd quarter worth about $38,000. Sunbelt Securities Inc. bought a new position in shares of Modine Manufacturing during the 3rd quarter worth about $39,000. Finally, Danske Bank A S bought a new position in shares of Modine Manufacturing during the 3rd quarter worth about $43,000. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Down 1.0%

MOD stock opened at $250.52 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. Modine Manufacturing has a 1 year low of $76.33 and a 1 year high of $260.01. The company has a fifty day simple moving average of $220.83 and a 200 day simple moving average of $176.32. The firm has a market cap of $13.21 billion, a PE ratio of 139.18, a PEG ratio of 1.03 and a beta of 1.68.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Wednesday, February 4th. The auto parts company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $805.00 million for the quarter, compared to the consensus estimate of $763.54 million. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. The business’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. Sell-side analysts anticipate that Modine Manufacturing will post 4.82 EPS for the current fiscal 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.