While Modine Manufacturing Co. has overperformed by 4.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MOD rose by 423.99%, with highs and lows ranging from $106.01 to $19.53, whereas the simple moving average jumped by 69.37% in the last 200 days.
On March 19, 2024, Oppenheimer started tracking Modine Manufacturing Co. (NYSE: MOD) recommending Outperform. B. Riley Securities also rated MOD shares as ‘Buy’, setting a target price of $40 on the company’s shares in an initiating report dated June 07, 2023. CJS Securities Initiated an Market Outperform rating on December 06, 2022, and assigned a price target of $25. DA Davidson November 06, 2020d its ‘Neutral’ rating to ‘Buy’ for MOD, as published in its report on November 06, 2020. Robert W. Baird’s report from November 11, 2019 suggests a price prediction of $9 for MOD shares, giving the stock a ‘Neutral’ rating. Dougherty & Company also rated the stock as ‘Neutral’.
Analysis of Modine Manufacturing Co. (MOD)
Further, the quarter-over-quarter increase in sales is 0.25%, showing a positive trend in the upcoming months.
Modine Manufacturing Co.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 36.91% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.21, 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.
The average volume for any stock is also a very valuable indicator of volatility, and MOD has an average volume of 973.43K. On a monthly basis, the volatility of the stock is set at 5.27%, whereas on a weekly basis, it is put at 5.50%, with a gain of 13.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $93.95, showing decline from the present price of $104.85, 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?
Auto Parts giant Modine Manufacturing Co. (MOD) is based in the USA and is one of the largest companies in the market. 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 24.71, there is a growth in quarterly earnings of 80.22%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 2.46%. 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 91.49% 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 91.49% at present.
