Breaking Down Modine Manufacturing: 4 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Modine Manufacturing (NYSE:MOD) has seen a positive shift in analyst ratings over the last three months, with all four analysts giving bullish ratings. The average 12-month price target has been raised to $84.75, marking an 18.95% increase from the previous target of $71.25. Analysts from B. Riley Securities, EF Hutton, and DA Davidson have raised their price targets, reflecting optimism about the company's future performance. Modine Manufacturing specializes in thermal management solutions and has shown solid revenue growth and net margin, although its ROE is below industry benchmarks.
February 27, 2024 | 3:00 pm
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Modine Manufacturing has received unanimous bullish ratings from analysts, with an increased average price target of $84.75, indicating a strong positive outlook on the company's financial performance and market position.
The unanimous bullish sentiment from analysts, coupled with the significant increase in the average price target, suggests a strong positive outlook for Modine Manufacturing. The company's solid revenue growth and exceptional net margin, despite a below-average ROE, contribute to this optimistic view. The recent upgrades by analysts from reputable firms further reinforce the potential for stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100