Modine Manufacturing Company (MOD) Receives Price Target

Modine Manufacturing Company (MOD) : 2 investment research analysts covering Modine Manufacturing Company (MOD) have an average price target of $13 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $12 for the short term. Analysts expect the variance to be within $1.41 of the average price.

Modine Manufacturing Company (MOD) : 2 analysts are covering Modine Manufacturing Company (MOD) and their average rating on the stock is 1, which is read as a Strong Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

Modine

Modine Manufacturing Company (NYSE:MOD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.70 and $10.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.10, notching a gain of 3.64% for the day. The total traded volume was 145,699 . The stock had closed at $10.71 on the previous day.

Modine Manufacturing Company is a developer, manufacturer and marketer of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications and to a range of building, industrial and refrigeration markets. The Company specializes in thermal management systems and components. The Company has five operating segments: North America, which consisted of vehicular and industrial original equipment products in North America; Europe, which consisted of vehicular and industrial original equipment products in Europe; South America, which consisted of vehicular and industrial original equipment products and aftermarket products in South America; Asia, which consisted of vehicular and industrial original equipment products in Asia, and Building Heating, Ventilating And Air Conditioning (HVAC), which consisted of building HVAC products throughout the world.

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