Modine Manufacturing pany(MOD)
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Modine (MOD) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-10-03 22:56
The most recent trading session ended with Modine (MOD) standing at $130.87, reflecting a -0.74% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.44%, and the technology-dominated Nasdaq saw a decrease of 0.04%. Coming into today, shares of the heating and cooling products maker had gained 24.03% in the past month. In that same time, the Auto-Tires-Trucks sector gained 6.45%, while the S&P 500 gained 1.25%. The u ...
Modine Manufacturing Co (MOD) Shares Up 4.6% on Oct 2
GuruFocus· 2024-10-02 16:10
Stock Performance - Modine Manufacturing Co (MOD) shares increased by 4.60% during mid-day trading on October 2, reaching an intraday high of $133.59 before closing at $133.42, up from the previous close of $127.55 [1] - The current stock price is 4.00% below its 52-week high of $138.99 and 246.54% above its 52-week low of $38.50 [1] - Trading volume was 148,743 shares, which is 22.0% of the average daily volume of 674,887 [1] Analyst Forecasts - The average one-year price target for Modine Manufacturing Co (MOD) is $139.60, with a high estimate of $155.00 and a low estimate of $133.00, implying an upside of 4.63% from the current price of $133.42 [2] - The consensus recommendation from 6 brokerage firms gives Modine Manufacturing Co an average rating of 1.7, indicating "Outperform" status on a scale where 1 signifies Strong Buy and 5 denotes Sell [2] - GuruFocus estimates the GF Value for Modine Manufacturing Co in one year to be $25.79, suggesting a downside of 80.67% from the current price of $133.42 [2]
Is Modine (MOD) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-09-23 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Modine (MOD) . Modine currently has an average brokerage recommendation (A ...
Modine (MOD) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-09-13 22:51
Modine (MOD) closed the most recent trading day at $111.07, moving +0.23% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.65%. Prior to today's trading, shares of the heating and cooling products maker had gained 0.89% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 10.04% and the S&P 500's gain of 4.86% in that time. The investment community will be close ...
Modine Updates Multi-Year Strategy at Investor Day
Prnewswire· 2024-09-11 20:15
Increased fiscal 2027 targets to deliver a 16-18% adjusted EBITDA margin and a 10-13% three-year compound average growth rate (CAGR) in revenue RACINE, Wis., Sept. 11, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today hosted an Investor Day at its global headquarters in Racine, Wisconsin. Members of the executive management team provided an update to the company's strategy to transform the company and drive sustainable shareholder valu ...
CTTAY or MOD: Which Is the Better Value Stock Right Now?
ZACKS· 2024-09-04 16:41
Investors interested in Automotive - Original Equipment stocks are likely familiar with Continental AG (CTTAY) and Modine (MOD) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings est ...
Is Most-Watched Stock Modine Manufacturing Company (MOD) Worth Betting on Now?
ZACKS· 2024-08-21 14:01
Modine (MOD) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this heating and cooling products maker have returned -8.5% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Automotive - Original Equipment industry, to which Modine belongs, has lost 10.3% over this period. Now the key question is: Where could the stock be headed in the near term? ...
Modine Manufacturing: Data Center Boom Remains A Tailwind - Reiterate Buy
Seeking Alpha· 2024-08-03 14:00
Core Viewpoint - Modine Manufacturing Company (MOD) is positioned favorably due to increasing demand for zero-emission and high-density cooling solutions, particularly in data centers and electric vehicle platforms, despite recent market volatility [2][4]. Financial Performance - MOD reported FQ1'25 revenues of $661.5 million, reflecting a 9.6% quarter-over-quarter (QoQ) and 6.2% year-over-year (YoY) increase, with adjusted EPS of $1.04, up 35% QoQ and 22.3% YoY [4]. - The Climate Solutions segment generated revenues of $357.3 million, a 35% QoQ and 10% YoY increase, with a gross margin of 28.2%, up 2.3 points QoQ and 1.8 points YoY [4]. - The Performance Technologies segment saw revenues of $309 million, down 10.2% QoQ and 9.9% YoY, attributed to softer automotive demand [4]. Growth Projections - The company raised its FY2025 midpoint guidance to net sales growth of 8.5% YoY and adjusted EPS growth to $3.80, up from previous estimates of 7.5% and $3.70, respectively [4]. - MOD's capital expenditures reached $100.2 million over the last twelve months, an increase of 80.8% sequentially, allowing for significant expansion in data center capacity [4]. Market Context - Despite a recent pullback in stock price, MOD has outperformed its thermal management peers and the broader market, indicating strong underlying demand for its products [3][4]. - The global spending on public cloud services is projected to grow from $561 billion in 2023 to $823 billion by 2025, with a compound annual growth rate (CAGR) of 21.1%, driven significantly by AI-related workloads [4]. Investment Outlook - MOD's stock is trading at a slight premium to updated fair value estimates, yet it remains an attractive option for growth-oriented investors, with a long-term price target of $151.30, indicating a potential upside of 28.5% [6].
Modine (MOD) Crossed Above the 20-Day Moving Average: What That Means for Investors
ZACKS· 2024-08-01 14:35
Technical Analysis - Modine (MOD) has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a popular trading tool that smooths out price fluctuations and provides trend reversal signals, beneficial for short-term traders [1] Performance Metrics - Over the past four weeks, MOD has gained 9%, and it is currently ranked a Zacks Rank 1 (Strong Buy), suggesting potential for further price increases [2] - Positive earnings estimate revisions have occurred, with one revision higher for the current fiscal year and no revisions lower, leading to an upward movement in the consensus estimate [2] Investment Outlook - The combination of positive earnings estimate revisions and the stock hitting a key technical level positions MOD as a potential investment opportunity for future gains [2]
Modine (MOD) Just Overtook the 50-Day Moving Average
ZACKS· 2024-08-01 14:30
Core Viewpoint - Modine (MOD) is showing potential for a bullish trend as it has recently reached a key support level and surpassed the 50-day moving average, indicating a positive short-term outlook [1][2]. Technical Analysis - The 50-day simple moving average is a significant indicator for traders and analysts, marking the initial point of an upward or downward trend, and MOD's recent movement suggests it could be on the verge of another rally after increasing by 9% over the past four weeks [2]. - The current technical indicators suggest a bullish trend for MOD, making it an interesting investment opportunity [1]. Earnings Estimates - Recent revisions in MOD's earnings estimates show one upward revision with no downward revisions for the current fiscal year, indicating growing investor confidence in the company's performance [3]. - The consensus estimate for MOD has also increased, further supporting the bullish outlook for the stock [3].