La vendita allo scoperto per Modine Manufacturing dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Modine Manufacturing. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Modine Manufacturing (NYSE:MOD) Azioni, Report sulle vendite allo scoperto

Modine Manufacturing

Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.

Modine Manufacturing Company Common Stock

Modine Manufacturing Co

Modefi

MODERN TECH CORP by Modern Technology Corp.

Modern Technology Corp

Modular Medical Inc

Mode Network - United States Dollar

Topgolf Callaway Brands Corp. Common Stock

Topgolf Callaway Brands Corp

R8 Capital Investments PLC

VictoryShares WestEnd U.S. Sector ETF

MODEL N INC COM

ISH MOD PORT ETF

ModivCare Inc

MELCOR DEV LTD by Melcor Development Ltd.

Melcor Developments Ltd

Modine (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mod#NYSE">MOD</a>) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, MOD crossed above the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock&#39;s price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.
Like other SMAs, if a stock&#39;s price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
<img alt="Moving Average Chart for MOD" class="chart" src="https://staticx-tuner.zacks.com/images/articles/charts/yseop/539/MOD_SMA20.jpeg" style="height:auto; width:100%" title="" />
Over the past four weeks, MOD has gained 14.8%. The company is currently ranked a Zacks Rank #1 (Strong Buy), another strong indication the stock could move even higher.
The bullish case only gets stronger once investors take into account MOD&#39;s positive earnings estimate revisions. There have been 1 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on MOD for more gains in the near future.
<a href="https://www.zacks.com/stock/news/2352197/modine-mod-just-overtook-the-20-day-moving-average?cid=CS-BENZ-FT-tale_of_the_tape|20_day_moving_average_(yseop)-2352197">To read this article on Zacks.com click here.</a>

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Trading Ideas

Modine Just Overtook the 20-Day Moving Average

Modine Announces The Addition Of Two Innovative, Low-intensity Tube Heaters, The MRS and MRL, To Its Successful And Growing Catalogue Of Infrared Units

Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) has outperformed the market over the past 10 years by 15.43% on an annualized basis producing an average annual return of 27.09%. Currently, Modine Manufacturing has a market capitalization of $7.12 billion. 
Buying $1000 In MOD: If an investor had bought $1000 of MOD stock 10 years ago, it would be worth $11,294.02 today based on a price of $135.80 for MOD at the time of writing.
<h3>Modine Manufacturing's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728932413_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Modine Manufacturing 10 Years Ago Would Be Worth This Much Today

Oppenheimer analyst Noah Kaye maintains Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) with a Outperform and raises the price target from $135 to $144.

Price Target

Oppenheimer Maintains Outperform on Modine Manufacturing, Raises Price Target to $144

When asked about CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) on CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said, &#8220;I think <a href="https://www.benzinga.com/topic/pharmacy">there's real value here</a>.&#8221;
On Oct. 10, Barclays analyst Andrew Mok upgraded CVS Health from Equal-Weight to Overweight and raised the price target from $63 to $82.
Cramer also recommends buying Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), saying it had an &#8220;<a href="https://www.benzinga.com/quote/MU">amazing&#8221; quarter</a>.
On Oct. 8, Keybanc analyst John Vinh maintained Micron Technology with an Overweight and lowered the price target from $145 to $135.
Although Cramer believes Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) will have a good year, but he prefers the stock of Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>).
On Oct. 9, Citigroup analyst Ariel Rosa initiated coverage on Old Dominion Freight Line with a Neutral rating and announced a price target of $206.
The &#8220;Mad Money&#8221; host recommended not touching American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>).
On Oct. 10, Barclays analyst Tim Long maintained American Tower with an Overweight and raised the price target from $223 to $255.
Cramer said Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) is going higher, adding that it is one of the greatest stocks of his time.
Howmet Aerospace will announce its third quarter 2024 financial results on Wednesday, Nov. 6.
ADMA Biologics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) is a &#8220;very speculative&#8221; stock, Cramer said.
On Sept. 20, Cantor Fitzgerald analyst Kristen Kluska reiterated ADMA Biologics with an Overweight and maintained a $20 price target.
Cramer recommended buying Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>). &#8220;It's just one of these great metal-bending companies,&#8221; he added.
On Sept. 24, DA Davidson analyst Matt Summerville maintained Modine Manufacturing with a Buy and raised the price target from $140 to $155.
Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) is a buy, Cramer said.
On Oct. 8, Piper Sandler analyst Patrick Moley maintained Robinhood with an Overweight and maintained a $27 price target.
Price Action:
<ul>
<li>Old Dominion shares gained 0.1% to settle at $194.59 on Thursday.</li>
<li>Micron shares gained 3.9% to close at $105.69.</li>
<li>American Tower shares fell 1.3% to close at $217.90 on Thursday.</li>
<li>Howmet Aerospace shares fell 1.5% to close at $102.10 during the session.</li>
<li>Modine Manufacturing shares fell 2.3% to settle at $130.95 on Thursday.</li>
<li>ADMA Biologics shares fell 16.3% to settle at $17.01.</li>
<li>Robinhood shares fell 0.6% to close at $25.50 on Thursday.</li>
<li>CVS shares gained 1.3% to close at $66.85 on Thursday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41272079/top-2-health-care-stocks-that-are-ticking-portfolio-bombs">Top 2 Health Care Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

ADMA

HOOD

ODFL

CVS Has 'Real Value,' Jim Cramer Says: Micron Had An 'Amazing' Quarter

General Motors Company&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) automobile division, Chevy, revealed that the 2025 Silverado EV will feature lower prices, increased driving range and new trim options. The starting price for the all-electric truck is $57,095 for the Work Truck (WT) model, with the LT trim being introduced for the first time.
The Max Range version of WT will offer 492 miles of EPA range for $77,795. GM&#39;s rival, Ford, also offers the F-150 Lightning Pro, a simpler version of its F-150 Lightning electric truck, starting at $54,995 with a 240-mile range.
Per Scott Bell, vice president of Chevrolet, while the 2024 model was already a leader in range, the 2025 model sets a higher standard with the WT edition. With an EPA range of 492 miles, the 2025 Silverado EV WT has made a significant improvement from the 2024 model&#39;s 450-mile range.
Chevy is trying to address cost concerns associated with EVs. The 2025 Silverado EV will be available in three trims: WT, LT and RST. Per Bell, the LT trim will offer a more affordable RST package and expand WT offerings. The 2025 LT trim starts at $75,195 with a range of 408 miles, while a premium trim, priced at $81,995, will offer 390 miles of range. It is expected to be the most commonly available model with a 645 horsepower engine, a towing capacity of 12,500 pounds, a payload of 1,800 pounds and fast-charging capability up to 300kW DC. Both versions are eligible for the federal EV tax credit.
Compared to the 2024 model, which only had the RST trim priced at nearly $100,000, Chevy has expanded the lineup for 2025 with more options. A lower-cost RST will start at $89,395 with a 390-mile range. SuperCruise, Chevy&#39;s driver assistance feature, will be available in the premium package. Most 2025 Silverados will be delivered later this year, but the lowest-priced model will arrive later in the model year.
<h2>GM&#39;s Zacks Rank &amp; Key Picks</h2>
General Motors currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the auto space are Modine Manufacturing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mod#NYSE">MOD</a>), CarGurus, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/carg#NASDAQ">CARG</a>) and Suzuki Motor Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmy#OTC">SZKMY</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for MOD&#39;s fiscal 2025 sales and earnings suggests year-over-year growth of 8.44% and 18.77%, respectively. Earnings per share estimates for fiscal 2025 and 2026 have improved by a penny and 8 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for CARG&#39;s 2024 earnings suggests year-over-year growth of 31.71%. EPS estimates for 2024 and 2025 have improved by 14 cents and 11 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for SZKMY&#39;s fiscal 2025 sales and earnings suggests year-over-year growth of 7.36% and 22.51%, respectively. EPS estimates for fiscal 2025 and 2026 have improved by 78 cents and 99 cents, respectively, in the past 60 days.
<a href="https://www.zacks.com/stock/news/2348430/general-motors-silverado-ev-work-truck-model-now-starts-at-57k?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2348430">To read this article on Zacks.com click here.</a>

Large Cap

Offerings

Events

Tech

CARG

SZKMY

General Motors' Silverado EV Work Truck Model Now Starts at $57K

Modine Manufacturing's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) short percent of float has risen 8.13% since its last report. The company recently reported that it has 3.85 million shares sold short, which is 8.38% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.22 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Modine Manufacturing Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728318625_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Modine Manufacturing has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Modine Manufacturing's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Modine Manufacturing's peer group average for short interest as a percentage of float is 8.10%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Modine Manufacturing's Recent Short Interest

Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) has outperformed the market over the past 10 years by 15.72% on an annualized basis producing an average annual return of 27.12%. Currently, Modine Manufacturing has a market capitalization of $6.91 billion. 
Buying $100 In MOD: If an investor had bought $100 of MOD stock 10 years ago, it would be worth $1,127.28 today based on a price of $131.84 for MOD at the time of writing.
<h3>Modine Manufacturing's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727460107_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Modine Manufacturing Stock In The Last 10 Years

DA Davidson analyst Matt Summerville maintains Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) with a Buy and raises the price target from $140 to $155.

DA Davidson Maintains Buy on Modine Manufacturing, Raises Price Target to $155

WIIM

ADNT

CVNA

RIVN

TSLA

Shares of auto-related stocks are trading higher following the Fed's policy decision to cut rates by 50 basis points, which could stimulate spending and enhance credit affordability.

Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Modine Manufacturing and provided 12-month price targets. The average target is $135.0, accompanied by a high estimate of $140.00 and a low estimate of $125.00. Witnessing a positive shift, the current average has risen by 9.05% from the previous average price target of $123.80.
<img src="https://www.benzinga.com/files/images/story/2024/1726153233_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Modine Manufacturing. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$135.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Jeff Van Sinderen</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$140.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$135.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Matt Summerville</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$140.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Jeff Van Sinderen</td>
<td>B. Riley Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Modine Manufacturing. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Modine Manufacturing compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Modine Manufacturing's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Modine Manufacturing's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MOD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Modine Manufacturing analyst ratings.</a>
<h2>Get to Know Modine Manufacturing Better</h2>
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.
<h3>Key Indicators: Modine Manufacturing's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Modine Manufacturing showcased positive performance, achieving a revenue growth rate of 6.28% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.15%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.16%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Modine Manufacturing's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.54% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.55, Modine Manufacturing adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 5 Analyst Evaluations For Modine Manufacturing

Oppenheimer analyst Noah Kaye reiterates Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) with a Outperform and maintains $135 price target.

Reiteration

Oppenheimer Reiterates Outperform on Modine Manufacturing, Maintains $135 Price Target

Modine Manufacturing shares are trading higher after the company set FY27 financial targets.

Guidance

Modine Manufacturing Targets FY27 Revenue Of $3.2B-$3.5B

Modine Manufacturing Sets FY27 Target Of 10%-13% Compound Annual Revenue Growth Rate; Sets FY27 Target Of 16%-18% Adjusted EBITDA Margin

Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) has outperformed the market over the past 15 years by 6.63% on an annualized basis producing an average annual return of 18.31%. Currently, Modine Manufacturing has a market capitalization of $5.57 billion. 
Buying $1000 In MOD: If an investor had bought $1000 of MOD stock 15 years ago, it would be worth $12,075.23 today based on a price of $106.18 for MOD at the time of writing.
<h3>Modine Manufacturing's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725564615_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Modine Manufacturing Stock In The Last 15 Years

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock&#39;s price, do they really matter?
Let&#39;s take a look at what these Wall Street heavyweights have to say about Modine (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mod#NYSE">MOD</a>) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Modine currently has an average brokerage recommendation of 1.17, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.17 approximates between Strong Buy and Buy.
Of the six recommendations that derive the current ABR, five are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 83.3% and 16.7% of all recommendations.
<h2>Brokerage Recommendation Trends for MOD</h2>
<img alt="Broker Rating Breakdown Chart for MOD" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/MOD_09052024.png" style="width:100%" title="" /> 
The ABR suggests buying Modine, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five &quot;Strong Buy&quot; recommendations for every &quot;Strong Sell&quot; recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock&#39;s future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock&#39;s price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
<h2>ABR Should Not Be Confused With Zacks Rank</h2>
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers&#39; vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
<h2>Is MOD Worth Investing In?</h2>
Looking at the earnings estimate revisions for Modine, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.85.
Analysts&#39; steady views regarding the company&#39;s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Modine.
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Modine.
<a href="https://www.zacks.com/stock/news/2332017/brokers-suggest-investing-in-modine-mod-read-this-before-placing-a-bet?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2332017">To read this article on Zacks.com click here.</a>

Brokers Suggest Investing in Modine: Read This Before Placing a Bet

Modine Manufacturing's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) short percent of float has fallen 9.69% since its last report. The company recently reported that it has 3.04 million shares sold short, which is 6.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Modine Manufacturing Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725031821_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Modine Manufacturing has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Modine Manufacturing's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Modine Manufacturing's peer group average for short interest as a percentage of float is 7.90%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(MOD) - Analyzing Modine Manufacturing's Short Interest

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is set to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40570314/top-nvidia-analyst-sees-no-major-impact-from-blackwell-delay-but-flags-one-caveat-h?itm_source=parsely-api">become the central player in the artificial intelligence ecosystem</a>, similar to Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) in e-commerce, according to Kevin Mahn, CIO of Hennion &amp; Walsh. 
What Happened: Mahn anticipates Nvidia will surpass expectations when it reports its second-quarter earnings on Wednesday. Mahn predicts significant growth in Nvidia&#8217;s data center business. He shared this perspective in an <a href="https://x.com/YahooFinance/status/1828511594126721421">interview</a> with Yahoo Finance on Tuesday.
&#8220;Nvidia is positioning themselves to be the hub of the AI ecosystem in a similar fashion that Amazon became the hub of the e-commerce ecosystem, Mahn said. 
Additionally, Mahn highlighted other stock options beyond Nvidia, including Digital Realty Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>), Modine Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).
See Also: <a href="https://www.benzinga.com/markets/asia/24/08/40588993/chinese-e-commerce-giant-drops-35-in-2-days-but-analysts-see-92-upside-potential">Chinese E-Commerce Giant Drops 35% In 2 Days, But Analysts See 92% Upside Potential</a>
Why It Matters: Nvidia&#8217;s upcoming earnings report is highly anticipated, with analysts expecting the company to report second-quarter revenue of $28.68 billion, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40585459/nvidia-stock-q2-earnings-preview-analyst-says-ai-cycle-far-from-over-company-has-fi">according to Benzinga Pro</a>. This marks a significant increase from the $13.5 billion reported in the same quarter last year. Nvidia has consistently beaten revenue estimates in seven of the last eight quarters.
Technical indicators also show bullish momentum for Nvidia stock <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40576505/nvidia-stocks-technical-indicators-show-bullish-momentum-ahead-of-q2-earnings">ahead of the earnings report</a>. The stock has surged approximately 170% over the past year and about 163% year-to-date.
However, Gene Munster, managing partner at Deepwater Asset Management, cautions that Nvidia&#8217;s &#8220;hyperfocused&#8221; investors might trigger a <a href="https://www.benzinga.com/markets/equities/24/08/40567082/nvidias-hyperfocused-investors-might-trigger-negative-stock-trend-after-earnings-says-gene-munst">negative stock trend post-earnings</a>. Despite the recent 30% surge and proximity to all-time highs, Munster foresees potential short-term setbacks due to ongoing demand-supply imbalances and possible delays in the Blackwell project.
On the flip side, Carter Braxton Worth, founder of Worth Charting LLC, remains bullish on Nvidia. He suggests that investors should <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40571011/nvidias-stock-could-keep-climbing-says-expert-play-long-into-earnings-and-post-earn">consider a long-term strategy</a> for the stock, especially around the earnings period. Worth emphasized that technical indicators point towards a continued upward trajectory for the company.
Price Action: Nvidia&#8217;s stock closed at $128.30 on Tuesday, up 1.46%. In after-hours trading, the stock slightly dipped by 0.46%. Year to date, NVIDIA&#8217;s stock has surged by an impressive 166.35%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40570314/top-nvidia-analyst-sees-no-major-impact-from-blackwell-delay-but-flags-one-caveat-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Top Nvidia Analyst Sees No Major Impact From Blackwell Delay, But Flags One Caveat He&#8217;s Wary About Ahead Of Earnings</a></li>
</ul>
Image VIa Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Nvidia Set To Become The Hub Of AI Ecosystem, Similar To Amazon's Dominance In E-Commerce, Says Expert Ahead Of Q2 Earnings

Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) has outperformed the market over the past 15 years by 6.39% on an annualized basis producing an average annual return of 18.32%. Currently, Modine Manufacturing has a market capitalization of $5.76 billion. 
Buying $1000 In MOD: If an investor had bought $1000 of MOD stock 15 years ago, it would be worth $12,596.90 today based on a price of $109.84 for MOD at the time of writing.
<h3>Modine Manufacturing's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724164215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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D.A. Davidson Sticks to Its Buy Rating for Modine (MOD)

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D.A. Davidson analyst Matt Summerville maintained a Buy rating on Modine (MOD – Research Report) today and set a price target of $155.00. The compa...

D.A. Davidson Keeps Their Buy Rating on Modine (MOD)

In a report released today, Matt Summerville from D.A. Davidson maintained a Buy rating on Modine (MOD – Research Report), with a price target of $...

Modine (MOD) Gets a Buy from D.A. Davidson

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I Loved Modine Manufacturing At $16, Not So Much At $136 (Rating Downgrade)

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