Modine Manufacturing Co. (MOD) stock: 12-month forecast projects 0.57% potential return%

Modine Manufacturing Co. [MOD] stock prices are up 18.94% to $117.66 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MOD shares have gain 19.21% over the last week, with a monthly amount glided 14.59%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Oppenheimer started tracking the stock with Outperform rating on March 19, 2024, and set its price target to $105. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $40 on June 07, 2023. CJS Securities initiated its recommendation with a Market Outperform and recommended $25 as its price target on December 06, 2022. DA Davidson upgraded its rating to Buy for this stock on November 06, 2020, but kept the price target unchanged to $11. In a note dated November 11, 2019, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $14 to $9.

The stock price of Modine Manufacturing Co. [MOD] has been fluctuating between $35.93 and $120.11 over the past year. Currently, Wall Street analysts expect the stock to reach $118.33 within the next 12 months. Modine Manufacturing Co. [NYSE: MOD] shares were valued at $117.66 at the most recent close of the market. An investor can expect a potential return of 0.57% based on the average MOD price forecast.

Analyzing the MOD fundamentals

The Modine Manufacturing Co. [NYSE:MOD] reported sales of 2.45B for trailing twelve months, representing a surge of 6.28%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.22 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.

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 105.43 points at the first support level, and at 93.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 126.91, and for the 2nd resistance point, it is at 136.15.

Ratios To Look Out For

It’s worth pointing out that Modine Manufacturing Co. [NYSE:MOD]’s Current Ratio is 1.80. In addition, the Quick Ratio stands at 1.11 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 2.52, the price to book ratio is 8.25 and price to earnings (TTM) ratio is 38.42.

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.

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