Impact of Brokerage Rating on Modine Manufacturing Company(MOD)

Many Modine Manufacturing Company(MOD) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Modine Manufacturing Co. was Initiated by Gabelli & Co on Jan 31, 2017 to Buy, Price Target of the shares are set at $22.

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Thomas F Marry (Exec VP & COO) sold 19,580 shares at 15.56 per share price.On Dec 12, 2016, Scott L Bowser (VP – Asia & Global Procurement) sold 7,500 shares at 15.95 per share price.On Nov 15, 2016, Christopher William Patterson (director) sold 850 shares at 11.50 per share price.

Modine Manufacturing Co. Last issued its quarterly earnings results on Feb 6, 2017. The company reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.24. The company had revenue of $349.80 million for the quarter, compared to analysts expectations of $362.96 million. The companys revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Modine Manufacturing Company (NYSE:MOD) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 1 by 3 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys.

Modine Manufacturing Company (NYSE:MOD): 3 analysts have set the short term price target of Modine Manufacturing Company (NYSE:MOD) at $18.67. The standard deviation of short term price target has been estimated at $2.89, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 22 and $17 respectively.

Modine Manufacturing Company (NYSE:MOD) witnessed a decline in the market cap on Tuesday as its shares dropped 3.88% or 0.45 points. After the session commenced at $11.5, the stock reached the higher end at $11.6 while it hit a low of $11.15. With the volume soaring to 697,276 shares, the last trade was called at $11.15. The company has a 52-week high of $16.35. The company has a market cap of $558 million and there are 50,071,224 shares in outstanding. The 52-week low of the share price is $8.18.

Modine operates primarily in a single industry consisting of the manufacture and sale of heat transfer equipment. This includes heat exchangers for cooling all types of engines, transmissions, auxiliary hydraulic equipment, air conditioning components used in cars, trucks, farm and construction machinery and equipment, and heating and cooling equipment for residential and commercial building HVAC (heating, ventilating, air conditioning and refrigeration equipment).


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