Modine Manufacturing Co. (NYSE:MOD) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 12 month consensus price target of $12.50 for the company and are predicting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given Modine Manufacturing an industry rank of 179 out of 265 based on the ratings given to related companies.
Modine Manufacturing (NYSE:MOD) opened at 9.05 on Monday. The stock’s market capitalization is $435.85 million. The company’s 50-day moving average price is $9.00 and its 200 day moving average price is $9.20. Modine Manufacturing has a 12 month low of $7.52 and a 12 month high of $13.82.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.05. The firm earned $334 million during the quarter, compared to analyst estimates of $348.85 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The business’s revenue was down 11.5% on a year-over-year basis. On average, analysts forecast that Modine Manufacturing will post $0.74 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Modine Manufacturing stock. MUFG Americas acquired a new position in shares of Modine Manufacturing Co. (NYSE:MOD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The hedge fund acquired 6,740 shares of the company’s stock, valued at approximately $53,000.
A number of research analysts have recently commented on MOD shares. Zacks Investment Research upgraded Modine Manufacturing from a “sell” rating to a “hold” rating in a report on Monday, October 5th. Global Hunter Securities dropped their price objective on Modine Manufacturing from $13.00 to $12.00 in a report on Monday, November 2nd. Finally, Robert W. Baird increased their price objective on Modine Manufacturing from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 2nd.
Modine Manufacturing Company is a developer, manufacturer and marketer of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (NYSE:MOD) vehicular applications and to a range of building, industrial and refrigeration markets. The Company specializes in thermal management systems and components. The Company has five operating segments: North America, which consisted of vehicular and industrial original equipment products in North America; Europe, which consisted of vehicular and industrial original equipment products in Europe; South America, which consisted of vehicular and industrial original equipment products and aftermarket products in South America; Asia, which consisted of vehicular and industrial original equipment products in Asia, and Building Heating, Ventilating And Air Conditioning (HVAC), which consisted of building HVAC products throughout the world.
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