Modine Manufacturing Company (NYSE:MOD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Modine Manufacturing Company (NYSE:MOD) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $234.3333.

A number of equities analysts have weighed in on the company. Roth Mkm assumed coverage on Modine Manufacturing in a research report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 target price for the company. Glj Research began coverage on shares of Modine Manufacturing in a research note on Monday, March 30th. They issued a “buy” rating and a $290.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Modine Manufacturing in a report on Wednesday, May 6th. Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, DA Davidson restated a “buy” rating and issued a $265.00 target price on shares of Modine Manufacturing in a report on Tuesday, March 31st.

Hedge Funds Weigh In On Modine Manufacturing

A number of institutional investors and hedge funds have recently modified their holdings of MOD. V Square Quantitative Management LLC purchased a new stake in Modine Manufacturing during the first quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new position in Modine Manufacturing in the fourth quarter worth about $25,000. Spire Wealth Management bought a new stake in shares of Modine Manufacturing during the 4th quarter valued at about $27,000. First Horizon Corp bought a new stake in shares of Modine Manufacturing during the 3rd quarter valued at about $38,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Modine Manufacturing during the 3rd quarter valued at about $39,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Trading Down 6.9%

Shares of NYSE:MOD opened at $271.88 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.28. Modine Manufacturing has a 1 year low of $86.48 and a 1 year high of $294.05. The company has a market cap of $14.34 billion, a P/E ratio of 151.04, a PEG ratio of 1.19 and a beta of 1.66. The stock’s fifty day moving average price is $232.82 and its 200-day moving average price is $187.40.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.