As of May 26, 2023, Modine Manufacturing (NYSE:MOD) continues to receive a Buy rating from DA Davidson analyst Matt Summerville, who has raised the price target from $35 to $38. According to Summerville, this indicates that the company’s stock is a promising investment and he anticipates a price increase to $38. The upward adjustment in price target is attributed to a thorough evaluation of Modine Manufacturing’s performance and future potential. It is worth noting that Summerville’s analysis is based on his independent research and expertise in the field.
MOD Stock Analysis: Impressive Growth and Undervalued Stock in Industrial Machinery Industry
On May 26, 2023, MOD stock opened at $24.86 and traded in a range of $24.86 to $27.37 with a total volume of 471,478 shares. The market cap of the company was $1.1 billion. MOD is a producer manufacturing company in the industrial machinery industry that has shown impressive growth in the past year. The P/E ratio of MOD stock is 20.1, which is relatively low for a company with such strong growth prospects. The price/sales ratio is 0.23, indicating that the stock is undervalued compared to its revenue. The price/book ratio is 2.45, which is also relatively low. MOD’s next reporting date is August 2, 2023, and the EPS forecast for this quarter is $0.44. The net profit margin of the company is 4.15%. MOD is headquartered in Racine, Wisconsin, and has no executives to display.
Modine Manufacturing Cos Stock Performance Shows Promise: Analysts Recommend Buying
As of May 26, 2023, Modine Manufacturing Co’s stock performance is showing signs of promise. According to the data provided by CNN Money, the median target price for the company is 34.00, representing a +24.22% increase from the last price of 27.37. The current consensus among 2 polled investment analysts is to buy stock in Modine Manufacturing Co, indicating optimism about the company’s future prospects. The company is set to report its next earnings on August 02, 2023. However, as with any investment, it is important to conduct thorough research and analysis before making any decisions.
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