Modine Manufacturing Co. [MOD] stock is trading at $86.17, up 5.34%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MOD shares have gain 7.46% over the last week, with a monthly amount glided 32.35%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Modine Acquires Scott Springfield Manufacturing, Gaining Air Handling Unit Offering for Strategic Data Center and Indoor Air Quality Markets. In a post published today on Yahoo Finance, Acquisition adds hyperscale and colocation solution to Modine’s data center technology portfolio and brings highly complementary products and channels to the indoor air quality business.
From an analyst’s perspective:
Previously, B. Riley Securities started tracking the stock with Buy rating on June 07, 2023, and set its price target to $40. On December 06, 2022, CJS Securities initiated with a Market Outperform rating and assigned a price target of $25 on the stock. DA Davidson upgraded its rating to a Buy but stick to its price target of $11 on November 06, 2020. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $9 on November 11, 2019. Dougherty & Company downgraded its rating to Neutral for this stock on November 08, 2019. In a note dated August 30, 2019, DA Davidson initiated an Neutral rating and provided a target price of $11.50 on this stock.
Modine Manufacturing Co. [MOD] stock has fluctuated between $19.41 and $83.04 over the past year. Modine Manufacturing Co. [NYSE: MOD] shares were valued at $86.17 at the most recent close of the market.
Analyzing the MOD fundamentals
Modine Manufacturing Co. [NYSE:MOD] reported sales of 2.42B for the trailing twelve months, which represents a growth of 0.25%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 83.29 points at the first support level, and at 80.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.26, and for the 2nd resistance point, it is at 90.35.
Modine Manufacturing Co. [MOD] reported earnings per share of $0.74 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.59/share, meaning a difference of $0.15 and a surprise factor of 25.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.89 per share as compared to estimates of $0.64 per share, a difference of $0.25 representing a surprise of 39.10%.
Ratios To Look Out For
For context, Modine Manufacturing Co.’s Current Ratio is 1.93. Further, the Quick Ratio stands at 1.21, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 6.18 and price to earnings (TTM) ratio is 20.31.
Transactions by insiders
Recent insider trading involved Lucareli Michael B, EVP, CFO, that happened on Dec 14 when 20000.0 shares were sold. Director, Patterson Christopher William completed a deal on Dec 08 to sell 6400.0 shares. Meanwhile, EVP, CFO Lucareli Michael B sold 60000.0 shares on Nov 20.
