The stock of Modine Manufacturing Co. (NYSE:MOD) hit a new 52-week high and has $18.41 target or 55.00% above today’s $11.88 share price. The 8 months bullish chart indicates low risk for the $586.43 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $18.41 price target is reached, the company will be worth $322.54 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 95,956 shares traded hands. Modine Manufacturing Co. (NYSE:MOD) has risen 25.11% since February 29, 2016 and is uptrending. It has outperformed by 12.89% the S&P500.
Analysts await Modine Manufacturing Co. (NYSE:MOD) to report earnings on November, 3. They expect $0.12 EPS, up 200.00% or $0.08 from last year’s $0.04 per share. MOD’s profit will be $5.92 million for 24.79 P/E if the $0.12 EPS becomes a reality. After $0.21 actual EPS reported by Modine Manufacturing Co. for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.
Modine Manufacturing Co. (NYSE:MOD) Ratings Coverage
Out of 2 analysts covering Modine Manufacturing (NYSE:MOD), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Modine Manufacturing has been the topic of 3 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Hold”. As per Thursday, March 24, the company rating was upgraded by Seaport Global.
According to Zacks Investment Research, “Modine operates primarily in a single industry consisting of the manufacture and sale of heat transfer equipment. This includes heat exchangers for cooling all types of engines, transmissions, auxiliary hydraulic equipment, air conditioning components used in cars, trucks, farm and construction machinery and equipment, and heating and cooling equipment for residential and commercial building HVAC (heating, ventilating, air conditioning and refrigeration equipment).”
Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.36, from 1.07 in 2016Q1. The ratio increased, as 10 funds sold all Modine Manufacturing Co. shares owned while 37 reduced positions. 25 funds bought stakes while 42 increased positions. They now own 39.31 million shares or 1.50% more from 38.73 million shares in 2016Q1.
Metropolitan Life Insurance Ny holds 0% of its portfolio in Modine Manufacturing Co. (NYSE:MOD) for 34,463 shares. Moreover, Secor Cap L P has 0.02% invested in Modine Manufacturing Co. (NYSE:MOD) for 18,649 shares. Penn Cap Co Inc holds 0.04% or 70,064 shares in its portfolio. Moreover, Kcg Inc has 0% invested in Modine Manufacturing Co. (NYSE:MOD) for 11,477 shares. Voya Investment has 28,035 shares for 0% of their US portfolio. Geode Cap Management Ltd Llc holds 0% or 299,496 shares in its portfolio. Spark Management Ltd Liability Corp accumulated 32,800 shares or 0.03% of the stock. Dnb Asset Management As accumulated 1.32M shares or 0% of the stock. Gamco Et Al last reported 0.1% of its portfolio in the stock. California State Teachers Retirement System holds 0% of its portfolio in Modine Manufacturing Co. (NYSE:MOD) for 98,762 shares. Dimensional Fund Advsrs L P accumulated 2.94 million shares or 0.01% of the stock. Prudential holds 151,576 shares or 0% of its portfolio. Barclays Public Ltd Com last reported 0% of its portfolio in the stock. Globeflex Capital Lp last reported 0% of its portfolio in the stock. Royal National Bank & Trust Of Canada has 0% invested in the company for 17,400 shares.
More notable recent Modine Manufacturing Co. (NYSE:MOD) news were published by: Prnewswire.com which released: “Modine Manufacturing Company Pursuing Joint Venture In China” on December 22, 2015, also Prnewswire.com with their article: “Modine Manufacturing Company Completes Joint Venture In China” published on January 29, 2016, Prnewswire.com published: “Modine Announces Agreement to Acquire Luvata Heat Transfer Solutions” on September 06, 2016. More interesting news about Modine Manufacturing Co. (NYSE:MOD) were released by: Prnewswire.com and their article: “Modine Manufacturing Company Kicks Off 100th Anniversary Celebrations” published on January 25, 2016 as well as Prnewswire.com‘s news article titled: “Modine Announces Executive Organizational Changes To Support Luvata HTS …” with publication date: September 09, 2016.
MOD Company Profile
Modine Manufacturing Company, incorporated on June 23, 1916, specializes in providing thermal management solutions. The Firm is a well-known provider of engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment maker (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, condensers, oil coolers, charge air coolers, heat-transfer modules and assemblies, exhaust gas recirculation (EGR) coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils. The Company’s divisions include Americas, Europe, Asia and Building HVAC.
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