Cantor Fitzgerald Has Lowered Expectations for Modine Manufacturing (NYSE:MOD) Stock Price

Modine Manufacturing (NYSE:MOD – Get Free Report) had its price objective cut by analysts at Cantor Fitzgerald from $275.00 to $178.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Cantor Fitzgerald‘s price objective indicates a potential upside of 85.57% from the stock’s previous close.

Several other analysts have also recently commented on MOD. Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Oppenheimer cut their target price on Modine Manufacturing from $300.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, October 2nd. KeyCorp reduced their price target on Modine Manufacturing from $280.00 to $225.00 and set an “overweight” rating for the company in a research report on Wednesday. B. Riley Financial decreased their price target on Modine Manufacturing from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, DA Davidson reissued a “buy” rating and set a $330.00 price target on shares of Modine Manufacturing in a report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Modine Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $264.89.

Get Our Latest Stock Analysis on MOD

Modine Manufacturing Stock Performance

NYSE:MOD traded up $4.53 during mid-day trading on Thursday, hitting $95.92. The stock had a trading volume of 2,970,915 shares, compared to its average volume of 1,417,418. The company has a current ratio of 2.04, a quick ratio of 1.22 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $166.23 and a 200-day simple moving average of $214.16. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 0.44 and a beta of 1.86. Modine Manufacturing has a 52 week low of $87.84 and a 52 week high of $323.25.

Modine Manufacturing (NYSE:MOD – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.12). Modine Manufacturing had a return on equity of 25.59% and a net margin of 4.28%. The firm had revenue of $994.40 million during the quarter, compared to the consensus estimate of $978.31 million. During the same quarter last year, the company posted $0.83 EPS. Modine Manufacturing’s revenue for the quarter was up 34.6% on a year-over-year basis. On average, research analysts expect that Modine Manufacturing will post 7.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Modine Manufacturing

Several hedge funds have recently modified their holdings of MOD. BlackRock Inc. bought a new position in shares of Modine Manufacturing in the second quarter valued at $765,540,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Modine Manufacturing during the 2nd quarter worth $388,140,000. Reinhart Partners LLC. boosted its stake in shares of Modine Manufacturing by 76.4% during the 3rd quarter. Reinhart Partners LLC. now owns 980,220 shares of the auto parts company’s stock worth $183,497,000 after acquiring an additional 424,534 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of Modine Manufacturing in the 2nd quarter worth $123,873,000. Finally, Blue Whale Capital LLP acquired a new position in shares of Modine Manufacturing in the 2nd quarter worth $123,747,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Modine Manufacturing

Here are the key news stories impacting Modine Manufacturing this week:

Modine Manufacturing Company Profile

(Get Free Report)

Modine Manufacturing Company (NYSE: MOD) is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.

The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.

Founded in 1916 by Arthur B.

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