In a challenging market environment, Modine (NYSE:MOD) Manufacturing Company’s stock has hit a 52-week low, reaching $72.42, marking a stark contrast from its 52-week high of $146.84. According to InvestingPro analysis, the company maintains a GOOD financial health score, with liquid assets exceeding short-term obligations. This downturn reflects a significant contraction, with the stock down nearly 35% over the past six months. Investors are closely monitoring Modine’s performance as it navigates through these headwinds, with analyst price targets ranging from $135 to $155. For deeper insights into Modine’s valuation and 12+ additional ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Modine Manufacturing has announced a definitive agreement to acquire AbsolutAire, a Michigan-based manufacturer of direct-fired heating, ventilation, and make-up air systems. This acquisition is expected to enhance Modine’s Heating and Indoor Air Quality businesses, supporting its expansion into commercial and industrial markets. AbsolutAire reported approximately $25 million in revenue in 2024, and the acquisition aligns with Modine’s strategy to capitalize on growing demand for air management systems. Additionally, DA Davidson adjusted Modine’s price target from $155 to $140, maintaining a Buy rating, while expressing optimism about the company’s growth in the direct current demand environment and potential in the Powertrain segment.
The firm anticipates robust organic revenue growth and double-digit increases in earnings per share and EBITDA for the fiscal years 2026 and 2027. Meanwhile, Oppenheimer reiterated an Outperform rating with a $145 price target, highlighting Modine’s data center growth prospects and a share buyback program. The analysts noted Modine’s strategic initiatives and mergers and acquisitions funnel, suggesting potential accretive deals in the coming year. Both DA Davidson and Oppenheimer’s analyses reflect confidence in Modine’s future despite challenges in some market segments.
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