Shares of Modine Manufacturing Co. (NYSE:MOD) have received an average broker rating score of 2.00 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. Modine Manufacturing’s rating score has declined by 100% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus target price of $12.75 for the company and are predicting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Modine Manufacturing an industry rank of 161 out of 255 based on the ratings given to related companies.
A number of equities research analysts have weighed in on MOD shares. TheStreet downgraded shares of Modine Manufacturing from a “b-” rating to a “c” rating in a research note on Friday, September 20th. Dougherty & Co cut Modine Manufacturing from a “buy” rating to a “neutral” rating in a report on Friday. Zacks Investment Research cut Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Friday, October 18th. DA Davidson reissued a “neutral” rating on shares of Modine Manufacturing in a report on Wednesday, September 11th. Finally, ValuEngine raised Modine Manufacturing from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd.
MOD traded down $4.83 during trading on Tuesday, reaching $7.02. 2,414,861 shares of the company’s stock were exchanged, compared to its average volume of 239,574. Modine Manufacturing has a fifty-two week low of $6.82 and a fifty-two week high of $16.67. The company has a quick ratio of 0.78, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average price of $10.89 and a 200 day moving average price of $12.41. The company has a market capitalization of $599.32 million, a P/E ratio of 4.47, a PEG ratio of 0.87 and a beta of 1.99.
Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Thursday, November 7th. The auto parts company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.12). Modine Manufacturing had a return on equity of 14.19% and a net margin of 3.25%. The business had revenue of $500.20 million for the quarter, compared to analyst estimates of $514.27 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. As a group, research analysts forecast that Modine Manufacturing will post 1.36 EPS for the current year.
In other news, insider Hanna Julian 500,000 shares of the business’s stock in a transaction on Friday, October 11th. Insiders own 5.01% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in Modine Manufacturing in the second quarter worth about $31,000. A.R.T. Advisors LLC acquired a new stake in Modine Manufacturing in the second quarter worth about $215,000. Aperio Group LLC increased its position in Modine Manufacturing by 9.1% in the second quarter. Aperio Group LLC now owns 16,068 shares of the auto parts company’s stock worth $230,000 after purchasing an additional 1,340 shares during the period. Stone Ridge Asset Management LLC increased its position in Modine Manufacturing by 7.2% in the second quarter. Stone Ridge Asset Management LLC now owns 17,807 shares of the auto parts company’s stock worth $255,000 after purchasing an additional 1,200 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Modine Manufacturing in the second quarter worth about $267,000. 87.14% of the stock is owned by institutional investors and hedge funds.
About Modine Manufacturing
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.
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