Global Hunter Securities Increases Modine Manufacturing Price Target to $13.00 (MOD)
Equities researchers at Global Hunter Securities increased their target price on shares of Modine Manufacturing (NYSE:MOD) to $13.00 in a research report issued on Monday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. Global Hunter Securities’ price objective would suggest a potential downside of 4.20% from the company’s current price.
Modine Manufacturing (NYSE:MOD) traded up 0.30% on Monday, hitting $13.57. The stock had a trading volume of 331,204 shares. Modine Manufacturing has a 1-year low of $6.14 and a 1-year high of $15.17. The stock has a 50-day moving average of $14.21 and a 200-day moving average of $12.0. The company has a market cap of $645.9 million and a P/E ratio of 167.04.
Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $364.20 million for the quarter, compared to the consensus estimate of $365.05 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Modine Manufacturing will post $0.59 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird cut their price target on shares of Modine Manufacturing from $13.00 to $12.00 in a research note to investors on Friday. They now have an “underperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Modine Manufacturing from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, October 23rd. They now have a $11.00 price target on the stock.
Modine Manufacturing Company (NYSE:MOD), specializes in thermal management systems and components, bringing heating and cooling technology and solutions to global markets.
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