Modine Manufacturing Co rises amid sector rotation despite market decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Jan 26
Source: Benzinga
Modine Manufacturing Co saw a price increase of 5.98% as it crossed above its 5-day SMA, contrasting with the broader market's performance.
This rise is attributed to sector rotation, as the Nasdaq-100 is down 0.43% and the S&P 500 is down 0.10%. Investors appear to be shifting their focus towards specific sectors, benefiting Modine despite the overall market weakness.
The stock's upward movement suggests a potential shift in investor sentiment, indicating that Modine may be viewed as a more attractive investment in the current market environment.
Analyst Views on MOD
Wall Street analysts forecast MOD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MOD is 186.60 USD with a low forecast of 173.00 USD and a high forecast of 200.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 176.720
Low
173.00
Averages
186.60
High
200.00
Current: 176.720
Low
173.00
Averages
186.60
High
200.00
About MOD
Modine Manufacturing Company is a provider of thermal management technology and solutions. It is engaged in designing, engineering, testing, and manufacturing mission-critical thermal solutions. Its segment includes Climate Solutions and Performance Technologies. The Climate Solutions segment provides energy-efficient, climate-controlled solutions and components. The Climate Solutions segment provides cooling solutions for data centers that help save water and energy through intelligent controls. The Climate Solutions segment also provides heat exchangers for heating, ventilating, air conditioning and refrigeration applications and anti-corrosive coatings. The Performance Technologies segment provides products and solutions that enhance the performance of customer applications and develops solutions that provide mission-critical energy for a variety of end-market applications. It also designs and manufactures products and solutions using air-cooled and liquid-cooled technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
