A number of firms have modified their ratings and price targets on shares of Modine Manufacturing (NYSE: MOD) recently:
- 8/5/2017 – Modine Manufacturing was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
- 8/1/2017 – Modine Manufacturing was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
- 8/1/2017 – Modine Manufacturing was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
- 7/24/2017 – Modine Manufacturing was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
Shares of Modine Manufacturing Company (MOD) opened at 16.80 on Wednesday. The firm has a market capitalization of $841.66 million, a P/E ratio of 36.36 and a beta of 1.20. The firm has a 50-day moving average of $16.55 and a 200 day moving average of $13.56. Modine Manufacturing Company has a 52 week low of $9.25 and a 52 week high of $17.85.
Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.30 by $0.09. Modine Manufacturing had a net margin of 1.35% and a return on equity of 11.16%. The company had revenue of $515.50 million during the quarter, compared to analysts’ expectations of $482.70 million. During the same quarter in the previous year, the business posted $0.23 EPS. The firm’s revenue was up 48.5% on a year-over-year basis. On average, equities research analysts expect that Modine Manufacturing Company will post $1.41 EPS for the current fiscal year.
In other Modine Manufacturing news, VP Scott D. Wollenberg sold 5,736 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $15.95, for a total transaction of $91,489.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.42% of the company’s stock.
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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