Taking on analysts’ expectations and winning: Modine Manufacturing Co. (MOD)

With 0.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.83 shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $73.96 whereas the lowest price it dropped to was $71.11. The 52-week range on MOD shows that it touched its highest point at $72.32 and its lowest point at $19.41 during that stretch. It currently has a 1-year price target of $81.50. Beta for the stock currently stands at 2.24.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MOD was up-trending over the past week, with a rise of 3.74%, but this was up by 18.63% over a month. Three-month performance surged to 72.07% while six-month performance rose 58.54%. The stock gained 216.93% in the past year, while it has gained 22.58% so far this year. A look at the trailing 12-month EPS for MOD yields 4.24 with Next year EPS estimates of 3.70. For the next quarter, that number is 0.75. This implies an EPS growth rate of 65.47% for this year and 14.67% for next year. EPS is expected to grow by 8.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 46.19%.

Float and Shares Shorts:

At present, 52.10 million MOD shares are outstanding with a float of 50.90 million shares on hand for trading. On Jan 31, 2024, short shares totaled 2.17 million, which was 4.15% higher than short shares on Dec 29, 2023. In addition to MO as the firm’s Altria Group, Inc., MRNA serves as its Moderna, Inc..

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MOD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MOD analysts setting a high price target of $90.00 and a low target of $73.00, the average target price over the next 12 months is $81.50. Based on these targets, MOD could surge 22.98% to reach the target high and fall by -0.25% to reach the target low. Reaching the average price target will result in a growth of 11.37% from current levels.

Summary of Insider Activity:

Insiders traded MOD stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 140,748 while 203,066 shares were sold.