While Modine Manufacturing Co. has underperformed by -3.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MOD rose by 101.53%, with highs and lows ranging from $123.92 to $38.50, whereas the simple moving average jumped by 8.13% in the last 200 days.
On August 01, 2024, B. Riley Securities Reiterated Modine Manufacturing Co. (NYSE: MOD) to Buy. A report published by William Blair on July 29, 2024, Initiated its previous ‘Outperform’ rating for MOD. Oppenheimer also rated MOD shares as ‘Outperform’, setting a target price of $105 on the company’s shares in an initiating report dated March 19, 2024. CJS Securities Initiated an Market Outperform rating on June 13, 2023, and assigned a price target of $40. B. Riley Securities initiated its ‘Buy’ rating for MOD, as published in its report on June 07, 2023. CJS Securities’s report from December 06, 2022 suggests a price prediction of $25 for MOD shares, giving the stock a ‘Market Outperform’ rating. DA Davidson also rated the stock as ‘Buy’.
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Analysis of Modine Manufacturing Co. (MOD)
Further, the quarter-over-quarter increase in sales is 6.28%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Modine Manufacturing Co.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 23.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.11, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MOD is recording an average volume of 772.48K. On a monthly basis, the volatility of the stock is set at 4.44%, whereas on a weekly basis, it is put at 5.10%, with a loss of -12.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $133.00, showing growth from the present price of $94.60, which can serve as yet another indication of whether MOD is worth investing in or should be passed over.
How Do You Analyze Modine Manufacturing Co. Shares?
A leading company in the Auto Parts sector, Modine Manufacturing Co. (MOD) is based in the USA. When comparing Modine Manufacturing Co. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 30.89, there is a growth in quarterly earnings of 3.82%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.02%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 106.99% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MOD shares are owned by institutional investors to the tune of 106.99% at present.
