On 9/11/24, Modine Manufacturing Co (NYSE: MOD) stock enjoyed a major increase of 14.3%, closing at $108.10. Moreover, trading volume in this advance was exceptionally high at 228% of normal. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged 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 29 but a very high Power Rating of 94, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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