Stock Rating Downgrade
In the last week the Value Trend Rating for Modine Manufacturing Co (NYSE: MOD) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 3/18/24, Modine Manufacturing Co (NYSE: MOD) stock increased 1.0%, closing at $89.47. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.7% during the last week.
Current PriceTarget Research Rating
MOD is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 26 but a very high Power Rating of 99, and the High Neutral Value Trend Rating results.
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