Modine Manufacturing Co (NYSE: MOD) stock enjoyed a major increase of 10.8% on 11/6/24. The shares closed at $125.01. Moreover, this advance was accompanied by unusually high trading volume at 192% of normal. The stock has declined -4.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MOD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Modine Manufacturing has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Modine Manufacturing has a poor Appreciation Score of 28 but a very high Power Rating of 90, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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