Modine Manufacturing Upgraded to Outperform at Robert W. Baird (MOD)
Modine Manufacturing (NYSE:MOD) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on MOD. Analysts at Sidoti initiated coverage on shares of Modine Manufacturing in a research note on Tuesday, February 18th. They set a “neutral” rating on the stock. Separately, analysts at Zacks downgraded shares of Modine Manufacturing from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $13.80 price target on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Modine Manufacturing from an “underweight” rating to a “neutral” rating in a research note on Thursday, January 30th. They now have a $11.00 price target on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Modine Manufacturing currently has a consensus rating of “Hold” and a consensus target price of $12.60.
Modine Manufacturing (NYSE:MOD) opened at 14.46 on Tuesday. Modine Manufacturing has a 1-year low of $8.92 and a 1-year high of $15.69. The stock has a 50-day moving average of $14.6 and a 200-day moving average of $13.65. The company has a market cap of $688.0 million and a P/E ratio of 78.74.
Modine Manufacturing (NYSE:MOD) last announced its earnings results on Thursday, January 30th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.10. The company had revenue of $347.00 million for the quarter, compared to the consensus estimate of $353.27 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Modine Manufacturing will post $0.67 earnings per share for the current fiscal year.
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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