Modine Manufacturing Company (NYSE:MOD) currently has a daily average trading volume of 350.54K but it saw 1037386 shares traded on Thursday. With a market cap of 1.29B USD, stock’s current market price of $24.42 came rising about 23.77 while comparing to the previous closing price of $19.73. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.90 and as low as $8.49. In the recent trading on the day, stock has struck highest price mark of $24.499 while lowest mark touched by it was $22.28.
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Taking a look at 20-day trading activity of Modine Manufacturing Company (MOD) gives us an average price of $20.85, while its current price level is -9.23% below from 52-week high level whereas it is 187.63% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $21.33 while that of 200 days or SMA-200 reads an average of $19.84. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.98% during that period while stretching the period over a month that decreases to 3.64%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 67.37 which implies that the stock is in neutral territory.
Modine Manufacturing Company (MOD)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $25.00 and $38.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $25.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $38.00. Average price target assigned by them is $31.67 which highlights an upside potential of 22.89% for the stock over that period. And to attain the median price target of $32.00 assigned by those analysts, stock has to add about 23.69% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, MOD’s stock price is moving 13.37% up while it is 17.97% when we observe its performance for the past one month. Year-to-date it is 22.96% up and over the past year, the stock is showing an upside performance of 184.95%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.67 beat the consensus estimate of $0.45 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $0.46 while estimate for next year EPS is $2.25. For MOD, analysts are forecasting an EPS-growth rate of 15.40% for current year and estimate for EPS growth in next year is 30.70%. In next quarter, company is expected to be making quarterly sales of $612.13 million as analysts are expecting the sales for current fiscal year at $2.41 billion and seeing the company making $2.58 billion in sales next year. Moreover, analysts are in estimates of $570.57 million for current-quarter revenue.
Currently, Modine Manufacturing Company’s total number of outstanding shares is 52.30M with 2.72% of that held by the insiders while 93.54% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 12.60% and return on equity (ROE) at 15.60%. It has a price to earnings ratio (P/E ratio) of 17.97 while having a 10.86 of forward P/E ratio. Stock’s beta reads 2.24. Stock has a price to book (P/B) ratio of 2.58 while price to sale or P/S ratio amounts to 0.57. Its return on asset (ROA) is 5.00% on average.
In the most recent quarter, 1290 VT GAMCO Small Company Value came cutting its stake by -0.65% in the company and now holds 1.24 million or 2.38% of the company’s stake having worth of about 25.93 million.
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