Modine Manufacturing Company (NYSE:MOD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Modine Manufacturing Company (NYSE:MOD) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $234.3333.

Several equities research analysts have recently commented on MOD shares. Weiss Ratings restated a “hold (c-)” rating on shares of Modine Manufacturing in a research note on Wednesday, May 6th. Glj Research initiated coverage on Modine Manufacturing in a research report on Monday, March 30th. They set a “buy” rating and a $290.00 target price on the stock. Roth Mkm began coverage on Modine Manufacturing in a research report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 price target for the company. Oppenheimer raised their price objective on Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $265.00 price objective on shares of Modine Manufacturing in a research report on Tuesday, March 31st.

Institutional Investors Weigh In On Modine Manufacturing

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors lifted its holdings in Modine Manufacturing by 4.1% during 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. Parkside Financial Bank & Trust raised its position in shares of Modine Manufacturing by 17.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 500 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 75 shares during the period. Xponance LLC raised its position in shares of Modine Manufacturing by 1.7% during the 4th 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 during the period. State of Alaska Department of Revenue lifted its stake in shares of Modine Manufacturing by 3.4% during the 4th quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company’s stock valued at $421,000 after buying an additional 103 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Modine Manufacturing by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,780 shares of the auto parts company’s stock valued at $386,000 after buying an additional 103 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Down 6.9%

MOD opened at $271.88 on Friday. The firm’s 50 day simple moving average is $232.82 and its two-hundred day simple moving average is $187.40. The company has a market capitalization of $14.34 billion, a PE ratio of 151.04, a PEG ratio of 1.19 and a beta of 1.66. Modine Manufacturing has a 1-year low of $86.48 and a 1-year high of $294.05. 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 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.