Modine Manufacturing Price Target Raised to $20.00 at Robert W. Baird (MOD)
Investment analysts at Robert W. Baird hoisted their price objective on shares of Modine Manufacturing (NYSE:MOD) from $19.00 to $20.00 in a note issued to investors on Friday. Robert W. Baird’s price objective points to a potential upside of 27.88% from the stock’s previous close.
Shares of Modine Manufacturing (NYSE:MOD) opened at 15.64 on Friday. Modine Manufacturing has a 52 week low of $9.97 and a 52 week 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 $744.1 million and a price-to-earnings ratio of 86.81.
Modine Manufacturing (NYSE:MOD) last released its earnings data on Thursday, May 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Modine Manufacturing will post $0.68 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Modine Manufacturing from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 24th. They now have a $16.90 price target on the stock. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Modine Manufacturing currently has an average rating of “Hold” and a consensus price target of $15.23.
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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