In recent trading, Modine Manufacturing Co (Symbol: MOD) shares have risen above the 12-month average analyst target price of $37.60, currently trading at $37.69 per share. This change prompts a potential reassessment of analyst target prices, as firms traditionally respond to such milestones by either downgrading the stock’s valuation or increasing their target prices based on company fundamentals.
There are five analysts contributing to the average target price, with estimates ranging from $31.00 to $43.00 and a standard deviation of $4.93. Currently, analysts rate the stock with four “Strong Buy” ratings and an average rating of 1.0, where 1 indicates a “Strong Buy” and 5 signifies a “Strong Sell.”
This data highlights investor interest and potential future movements for Modine Manufacturing, suggesting that stakeholders evaluate whether the stock price may continue to rise or if it has peaked.
