Modine Manufacturing Co. [MOD] stock prices are up 1.08% to $94.79 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MOD shares have lost -0.48% over the last week, with a monthly amount glided 6.39%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Modine Gains UL Safety Certification for Indoor Air Quality Solutions. In a post published today on Yahoo Finance, Achieving UL60335 certification positions technology and indoor air quality leader to help partners comply with new refrigerant safety standard.
From an analyst’s perspective:
Modine Manufacturing Co. [NYSE: MOD] stock has seen the most recent analyst activity on March 19, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $105. On June 07, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $40 on the stock. CJS Securities started tracking the stock assigning a Market Outperform rating and suggested a price target of $25 on December 06, 2022. DA Davidson upgraded its rating to a Buy but $11 remained the price target by the analyst firm on November 06, 2020. Robert W. Baird downgraded its rating to Neutral for this stock on November 11, 2019, and downed its price target to $9. In a note dated November 08, 2019, Dougherty & Company downgraded an Neutral rating on this stock.
The stock price of Modine Manufacturing Co. [MOD] has been fluctuating between $19.41 and $106.01 over the past year. Currently, Wall Street analysts expect the stock to reach $105 within the next 12 months. Modine Manufacturing Co. [NYSE: MOD] shares were valued at $94.79 at the most recent close of the market. An investor can expect a potential return of 10.77% based on the average MOD price forecast.
Analyzing the MOD fundamentals
The Modine Manufacturing Co. [NYSE:MOD] reported sales of 2.42B for trailing twelve months, representing a surge of 0.25%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.34 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.46.
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 92.51 points at the first support level, and at 90.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.17, and for the 2nd resistance point, it is at 101.55.
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
It’s worth pointing out that Modine Manufacturing Co. [NYSE:MOD]’s Current Ratio is 1.93. On the other hand, the Quick Ratio is 1.21, and the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 6.80 and price to earnings (TTM) ratio is 22.34.
Transactions by insiders
Recent insider trading involved Agen Brian Jon, VP, Human Resources, that happened on Mar 28 ’24 when 16799.0 shares were sold. Director, Wilson David J. completed a deal on Mar 18 ’24 to sell 8000.0 shares. Meanwhile, Director Patterson Christopher William sold 14225.0 shares on Mar 07 ’24.
