Modine Manufacturing Price Target Raised to $14.50 at Global Hunter Securities (MOD)
Global Hunter Securities increased their price objective on shares of Modine Manufacturing (NYSE:MOD) to $14.50 in a research note issued on Friday. The firm currently has a “neutral” rating on the stock. Global Hunter Securities’ price target would indicate a potential downside of 7.29% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird raised their price target on shares of Modine Manufacturing from $19.00 to $20.00 in a research note on Friday. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.60.
Modine Manufacturing (NYSE:MOD) traded down 3.32% on Friday, hitting $15.12. The stock had a trading volume of 336,707 shares. Modine Manufacturing has a one year low of $9.97 and a one year high of $17.51. The stock’s 50-day moving average is $15.67 and its 200-day moving average is $14.0. The company has a market cap of $719.4 million and a P/E ratio of 85.93.
Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.06. The company had revenue of $390.60 million for the quarter, compared to the consensus estimate of $356.57 million. During the same quarter last year, the company posted $0.18 earnings per share. Modine Manufacturing’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Modine Manufacturing will post $0.78 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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