Modine Manufacturing Co (NYSE: MOD) stock suffered a major decline of -16.5% on 7/24/24. The shares closed at $98.70. Moreover, trading volume in this decline was unusually high at 158% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -14.9% during the last week.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Modine Manufacturing has a poor Appreciation Score of 22 but a very high Power Rating of 97, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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