Stock Rating Downgrade
In recent days 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
Modine Manufacturing Co (NYSE: MOD) stock enjoyed a large increase of 4.2% on 4/26/24. The stock closed at $96.74. However, trading volume in this advance was below average at 77% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 15.5% 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 24 but a very high Power Rating of 99, producing the High Neutral Value Trend Rating.
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