Modine Manufacturing (NYSE:MOD) Stock Gets Price Target Trim from Oppenheimer

Modine Manufacturing (NYSE:MOD) had its target price dropped by research analysts at Oppenheimer from $260.00 to $215.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Oppenheimer‘s price target would indicate a potential upside of 136.19% from the stock’s current price.

Several other equities analysts also recently issued reports on MOD. Robert W. Baird initiated coverage on Modine Manufacturing in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price objective for the company. Cantor Fitzgerald decreased their target price on Modine Manufacturing from $275.00 to $178.00 and set an “overweight” rating on the stock in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Tuesday, August 25th. Zacks Research cut Modine Manufacturing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $330.00 price target on shares of Modine Manufacturing in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Modine Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $281.56.

Modine Manufacturing Price Performance

NYSE:MOD traded down $7.53 on Thursday, reaching $91.03. The stock had a trading volume of 2,516,918 shares, compared to its average volume of 1,445,950. The company has a quick ratio of 1.22, a current ratio of 2.04 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $4.83 billion, a P/E ratio of 37.96, a price-to-earnings-growth ratio of 0.45 and a beta of 1.86. Modine Manufacturing has a 1-year low of $87.84 and a 1-year high of $323.25. The stock has a fifty day moving average price of $169.98 and a 200-day moving average price of $214.59.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, November 3rd. The auto parts company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.12). Modine Manufacturing had a return on equity of 26.28% and a net margin of 3.58%. The firm had revenue of $994.40 million for the quarter, compared to analyst estimates of $978.31 million. During the same period in the previous year, the business posted $0.83 EPS. The business’s quarterly revenue was up 34.6% on a year-over-year basis. Research analysts forecast that Modine Manufacturing will post 7.02 EPS for the current year.

Institutional Investors Weigh In On Modine Manufacturing

Several hedge funds and other institutional investors have recently made changes to their positions in MOD. V Square Quantitative Management LLC bought a new position in Modine Manufacturing during the 1st quarter worth about $25,000. Rakuten Securities Inc. acquired a new stake in shares of Modine Manufacturing in the 2nd quarter valued at about $40,000. PenderFund Capital Management Ltd. bought a new stake in shares of Modine Manufacturing in the second quarter valued at about $42,000. Vega Investment Solutions bought a new stake in shares of Modine Manufacturing in the second quarter valued at about $52,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Modine Manufacturing in the second quarter valued at about $55,000. 95.23% of the stock is owned by institutional investors and hedge funds.

More Modine Manufacturing News

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

• Positive Sentiment: Modine reported record quarterly order intake of about $1 billion, driven by AI data-center demand, and is expanding production capacity to meet expected growth. Modine posts record $1B quarterly order intake on AI data center demand
• Positive Sentiment: Management expects fiscal 2027 sales of $3.1 billion to $3.2 billion and adjusted EBITDA of $470 million to $500 million, with data-center segment growth forecast at 80%–90%. Modine expects fiscal 2027 sales and adjusted EBITDA
• Positive Sentiment: Second-quarter revenue rose 34.6% year over year to $994.4 million, beating analyst estimates and supporting the company’s improved full-year revenue outlook. Modine Reports Second Quarter Fiscal 2027 Results
• Neutral Sentiment: Cantor Fitzgerald cut its price target to $178 from $275 but kept an “overweight” rating, indicating a lower valuation view while remaining positive on the shares. Cantor Fitzgerald stock recommendations
• Negative Sentiment: Adjusted EPS was $1.35, below analyst expectations of $1.47–$1.55. Management also highlighted efforts to recover rising material costs, putting margins in focus despite the strong sales growth. MOD Q2 Earnings Call Highlights Growth and Margin Recovery Plans

Modine Manufacturing Company Profile

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.