Modine Manufacturing (NYSE:MOD) Given New $160.00 Price Target at UBS Group

Modine Manufacturing (NYSE:MOD) had its target price cut by equities researchers at UBS Group from $355.00 to $160.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. UBS Group‘s target price indicates a potential upside of 75.97% from the stock’s current price.

Several other research analysts have also issued reports on the company. B. Riley Financial reduced their target price on Modine Manufacturing from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. KeyCorp lowered their price target on Modine Manufacturing from $280.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday. DA Davidson restated a “buy” rating and set a $330.00 price target on shares of Modine Manufacturing in a research note on Tuesday, October 27th. Cantor Fitzgerald dropped their price target on Modine Manufacturing from $275.00 to $178.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Robert W. Baird initiated coverage on shares of Modine Manufacturing in a report on Tuesday, October 6th. They set an “outperform” rating and a $300.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $264.89.

Modine Manufacturing Stock Performance

Shares of MOD stock opened at $90.93 on Thursday. The business’s fifty day simple moving average is $168.05 and its 200-day simple moving average is $214.36. The company has a market cap of $4.83 billion, a PE ratio of 38.04, a PEG ratio of 0.35 and a beta of 1.86. The company has a current ratio of 2.04, a quick ratio of 1.22 and a debt-to-equity ratio of 0.39. Modine Manufacturing has a 12-month low of $87.84 and a 12-month high of $323.25.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, November 3rd. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.12). The business had revenue of $994.40 million for the quarter, compared to analysts’ expectations of $978.31 million. Modine Manufacturing had a net margin of 3.58% and a return on equity of 26.28%. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. Analysts expect that Modine Manufacturing will post 7.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Modine Manufacturing

A number of large investors have recently made changes to their positions in the stock. Eurizon Capital SGR S.p.A. raised its stake in Modine Manufacturing by 26.8% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 19,465 shares of the auto parts company’s stock worth $3,642,000 after acquiring an additional 4,108 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in Modine Manufacturing by 12.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 3,157 shares of the auto parts company’s stock worth $591,000 after acquiring an additional 356 shares during the period. Penn Capital Management Company LLC grew its stake in Modine Manufacturing by 37.0% during the 3rd quarter. Penn Capital Management Company LLC now owns 8,501 shares of the auto parts company’s stock valued at $1,608,000 after purchasing an additional 2,297 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in Modine Manufacturing by 13.8% during the 3rd quarter. Van Berkom & Associates Inc. now owns 249,114 shares of the auto parts company’s stock valued at $46,634,000 after purchasing an additional 30,126 shares during the last quarter. Finally, Ethic Inc. grew its stake in Modine Manufacturing by 56.5% during the 3rd quarter. Ethic Inc. now owns 4,487 shares of the auto parts company’s stock valued at $840,000 after purchasing an additional 1,619 shares during the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing News Summary

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

• Positive Sentiment: Modine reported a record $1 billion in quarterly order intake, driven by demand for AI data-center cooling and related products. Management highlighted plans to expand production capacity to meet demand. Article: Modine posts record $1B quarterly order intake on AI data center demand
• Positive Sentiment: Management forecast fiscal 2027 sales of $3.1 billion to $3.2 billion and adjusted EBITDA of $470 million to $500 million, citing strong data-center demand. The company also discussed efforts to recover rising material costs. Article: Modine expects fiscal 2027 sales and adjusted EBITDA as data center demand drives growth
• Negative Sentiment: Modine’s fiscal second-quarter adjusted EPS of $1.35 missed the $1.47 consensus, despite revenue of $994.4 million topping expectations. The earnings miss was accompanied by the stock setting a new one-year low. Article: Modine Manufacturing sets new 1-year low after earnings miss
• Negative Sentiment: Several firms cut their price targets: UBS lowered its target to $160 from $355, Cantor Fitzgerald to $178 from $275, Oppenheimer to $215 from $260, and KeyCorp to $225 from $280. The firms maintained Buy, Overweight or Outperform ratings, but the large reductions underscore a more cautious reassessment of the shares. Article: UBS adjusts Modine Manufacturing price target

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE: MOD) is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.

The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.

Founded in 1916 by Arthur B.