Analysts have raised their price target for Modine Manufacturing from $170 to $174. They cite slight improvements in profit margin forecasts and a modest adjustment to the discount rate as reasons for the change.
What's in the News
- Modine is hiring for 55 immediate positions at its new Franklin, WI facility. The site expects to employ approximately 300 workers by March 2026. This hiring surge responds to increased demand in the North American data center business and is supported by a $100 million investment to expand Airedale by Modine production at multiple U.S. sites (Key Developments).
- The company announced the launch of new Computer Room Air Conditioners (CRAC) and Air Handlers (CRAH) under the Airedale by Modine brand for North American edge data centers. The new products offer high efficiency, modular deployment, and use low Global Warming Potential refrigerants, exceeding energy standards (Key Developments).
- Modine opened a 100,000 ft.2 facility in Chennai, India, marking the start of local production for Airedale by Modine data center cooling equipment to meet rising regional demand. The expansion supports growing needs for AI-driven cooling solutions in the Asia-Pacific market (Key Developments).
- No shares were repurchased between April and June 2025. To date, however, Modine has completed buying back 230,000 shares worth $18.4 million as part of a previously announced buyback plan (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has risen slightly, from $170 to $174.
- Discount Rate has increased marginally, moving from 7.91% to 7.97%.
- Revenue Growth forecast remains nearly unchanged at approximately 15.3%.
- Net Profit Margin shows a negligible change, holding steady at about 10.9%.
- Future P/E ratio has increased modestly from 25.5x to 26.2x.
Disclaimer
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