Stock Rating Upgrade
The Value Trend Rating for Modine Manufacturing Co (NYSE: MOD) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Modine Manufacturing Co (NYSE: MOD) stock declined slightly by -0.08% on 4/19/24. The stock closed at $83.69. NORMAL trading volume accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.4% 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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Modine Manufacturing has a poor Appreciation Score of 28 but a very high Power Rating of 99, and the Positive Value Trend Rating results.
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