In a report released today, David Leiker from Robert W. Baird reiterated a Buy rating on Modine (NYSE: MOD), with a price target of $25. The company’s shares opened today at $17.15.
According to TipRanks.com, Leiker is a 5-star analyst with an average return of 11.9% and a 65.3% success rate. Leiker covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, WABCO Holdings, and Veoneer Inc.
Modine has an analyst consensus of Moderate Buy, with a price target consensus of $25.
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Based on Modine’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $22 million. In comparison, last year the company had a net profit of $16.8 million.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.
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Modine Manufacturing Co. develops and manufactures thermal management components and systems. It engages in providing heating and cooling technology and solutions to diversified global markets.
