Investors may find better financial performance in Modine Manufacturing Company (MOD)

As of right now, Modine Manufacturing Company [MOD] is trading at $14.52, climbing up 8.12%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MOD shares have gain 14.15% over the last week, with a monthly amount glided 40.43%, and seem to be holding up well over a long-time horizon.

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On 3, August 2022, Modine Reports First Quarter Fiscal 2023 Results. In a post published today on Yahoo Finance, Strategic transformation well underway, unlocking value through 80/20 initiatives and driving growth and margin expansion.

From an analyst’s perspective:

Modine Manufacturing Company [NYSE: MOD] stock has seen the most recent analyst activity on November 06, 2020, when DA Davidson upgraded its rating to a Buy but kept the price target unchanged to $11 for it. Previously, Robert W. Baird downgraded its rating to Neutral on November 11, 2019, and dropped its price target to $9. On November 08, 2019, downgrade downgraded it’s rating to Neutral. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $11.50 on August 30, 2019. Dougherty & Company initiated its recommendation with a Buy and recommended $13 as its price target on August 28, 2019. Gabelli & Co started tracking with a Buy rating for this stock on January 31, 2017, and assigned it a price target of $22. In a note dated March 24, 2016, Seaport Global Securities upgraded an Buy rating on this stock but restated the target price of $12.

Through the last year, Modine Manufacturing Company’s stock price ranged from $7.67 to $16.55. Currently, Wall Street analysts expect the stock to reach $17.33 within the next 12 months. Modine Manufacturing Company [NYSE: MOD] shares were valued at $14.52 at the most recent close of the market. An investor can expect a potential return of 19.35% based on the average price forecast.

Analyzing the MOD fundamentals

For Apple Inc, (MOD), the latest quarter sales were 574.4 billion, which represents an 11.60% increase. Gross Margin for this corporation currently stands at +15.03% with Operating Margin at +4.83%, Pretax Margin comes in at +4.95%, and Net Margin reading is +4.15%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.99 points at the first support level, and at 13.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.99, and for the 2nd resistance point, it is at 15.47.

Modine Manufacturing Company [MOD] reported earnings per share of $0.57 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.5/share, meaning a difference of $0.07 and a surprise factor of 14.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.31 per share as compared to estimates of $0.22 per share, a difference of $0.09 representing a surprise of 40.90%.

Ratios To Look Out For

It is important to note that Modine Manufacturing Company [NYSE:MOD] has a current ratio of 1.50. Also, the Quick Ratio is 0.96, while the Cash Ratio stands at 0.10. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 1.04 and the P/E (TTM) ratio is 8.93.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 11 insider buyings of 176,916 shares and 17 insider sellings of 35,218 shares. Recent insider trading involved Agen Brian Jon, VP, Human Resources, that happened on Jun 02 when 941.0 shares were sold. EVP, CFO, Lucareli Michael B completed a deal on Jun 01 to sell 3783.0 shares.