Stock Rating Downgrade
Recently 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 declined modestly by -1.8% on 7/29/24. The stock closed at $102.30. However, trading volume in this decline was below average at 75% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.5% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Modine Manufacturing has a poor Appreciation Score of 24 but a very high Power Rating of 96, leading to the High Neutral Value Trend Rating.
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