Modine Manufacturing Price Target Increased to $21.00 by Analysts at Robert W. Baird (MOD)
Equities researchers at Robert W. Baird lifted their price objective on shares of Modine Manufacturing (NYSE:MOD) from $20.00 to $21.00 in a research report issued on Friday. Robert W. Baird’s price target would suggest a potential upside of 58.37% from the company’s current price.
MOD has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Modine Manufacturing from an “outperform” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $18.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd. Finally, analysts at Global Hunter Securities raised their price target on shares of Modine Manufacturing to $14.50 in a research note on Friday, May 30th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Modine Manufacturing currently has a consensus rating of “Hold” and a consensus target price of $16.13.
Shares of Modine Manufacturing (NYSE:MOD) traded down 3.70% on Friday, hitting $13.26. The stock had a trading volume of 378,605 shares. Modine Manufacturing has a 52 week low of $10.79 and a 52 week high of $17.51. The stock’s 50-day moving average is $15.06 and its 200-day moving average is $14.76. The company has a market cap of $632.0 million and a P/E ratio of 5.06.
Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.12. The company had revenue of $392.50 million for the quarter, compared to the consensus estimate of $403.00 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Modine Manufacturing will post $0.72 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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