KeyCorp Forecasts Strong Price Appreciation for Modine Manufacturing (NYSE:MOD) Stock

Modine Manufacturing (NYSE:MOD) had its target price increased by KeyCorp from $250.00 to $370.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. KeyCorp’s price target points to a potential upside of 32.02% from the stock’s previous close.

Several other research firms have also weighed in on MOD. Roth Mkm assumed coverage on shares of Modine Manufacturing in a report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 target price on the stock. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. UBS Group reissued a “buy” rating and set a $310.00 price objective on shares of Modine Manufacturing in a report on Wednesday. Oppenheimer increased their price objective on shares of Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, B. Riley Financial upped their target price on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $286.00.

Modine Manufacturing Stock Performance

Modine Manufacturing stock traded down $15.63 on Wednesday, hitting $280.25. The company’s stock had a trading volume of 1,615,459 shares, compared to its average volume of 1,286,623. The firm has a market cap of $14.78 billion, a P/E ratio of 155.69, a price-to-earnings-growth ratio of 1.06 and a beta of 1.66. The company has a quick ratio of 1.28, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $241.71 and a 200-day moving average price of $192.81. Modine Manufacturing has a one year low of $86.48 and a one year high of $323.25.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.20. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. The business had revenue of $954.40 million for the quarter, compared to analyst estimates of $920.67 million. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities analysts anticipate that Modine Manufacturing will post 4.82 earnings per share for the current year.

Institutional Investors Weigh In On Modine Manufacturing

Hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in Modine Manufacturing during the 1st quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Modine Manufacturing during the fourth quarter worth $25,000. Spire Wealth Management acquired a new stake in shares of Modine Manufacturing during the fourth quarter worth $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Modine Manufacturing during the third quarter worth $39,000. Finally, Danske Bank A S acquired a new stake in shares of Modine Manufacturing during the third quarter worth $43,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Key Modine Manufacturing News

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

• Positive Sentiment: Modine announced a landmark long-term capacity agreement worth more than $4 billion through 2029 to supply Airedale cooling solutions to a strategic data-center customer, giving investors greater confidence in future revenue visibility and demand for its AI-related thermal management products. Article Title
• Positive Sentiment: The customer also made a $165 million upfront cash payment to help fund capacity expansion, which reduces execution risk and supports Modine’s ability to scale without leaning heavily on debt or dilution. Article Title
• Positive Sentiment: Modine’s latest earnings showed continued momentum, with fiscal Q4 EPS of $1.71 and revenue of $954.4 million, both ahead of Wall Street estimates, while sales rose sharply from a year earlier. Article Title
• Positive Sentiment: Several articles highlighted Modine as a beneficiary of AI infrastructure spending, with commentary noting that the company is increasingly viewed as a data-center cooling play rather than a traditional auto/industrial supplier. Article Title
• Neutral Sentiment: DA Davidson reaffirmed its Buy rating and set a $265 price target, which is below the current trading level, suggesting the stock may have already priced in much of the recent good news. Article Title
• Neutral Sentiment: Modine also updated FY2027 revenue guidance to a range of $3.1 billion to $3.9 billion, underscoring longer-term growth potential but leaving some uncertainty around profitability details. Article Title

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.