Modine's Strong Position In Data Center And EV Component Markets Compels Analyst To Boost Price Target
Modine's Strong Position In Data Center And EV Component Markets Compels Analyst To Boost Price Target
DA Davidson analyst Matt J. Summerville reiterated a Buy rating on the shares of Modine Manufacturing Company (NYSE:MOD), raising the price target to $43 from $38.
DA Davidson 分析师 Matt J. Summerville 重申了对以下股票的买入评级 摩丁制造公司 (NYSE: MOD)，将目标股价从38美元上调至43美元。
Summerville remains particularly bullish on the company's margin accretive organic growth within a handful of high-growth verticals/product lines.
Summerville仍然特别看好该公司在少数高增长垂直市场/产品线中的利润增长有机增长。
MOD's data center business remains well positioned to capitalize upon healthy demand within the hyper-scale and colocation markets in North America and Europe/U.K.
国防部的数据中心业务仍然处于有利地位，可以利用北美和欧洲/英国超大规模和托管市场的健康需求。
The analyst underlines Modine Manufacturing's strong outperformance on a YTD basis (+60% vs. S&P500 at +14%).
该分析师强调，Modine Manufacturing在年初至今的表现强劲跑赢大盘（增长60％，而标准普尔500指数为+ 14％）。
The analyst notes the company's balance sheet is sound, with net leverage at just under 1.5x.
分析师指出，该公司的资产负债表健全，净杠杆率略低于1.5倍。
Also Read: Modine Manufacturing Bolsters Europe Operations To Meet Demand Growth
另请阅读： Modine Manufacturing 支持欧洲业务以满足需求增长
Summerville highlights the organic initiatives within EV BTMS (battery thermal management systems), European heat pump, North American IAQ (indoor air quality), and stationary power gen set product lines/end markets, potentially approaching 20% of FY24 sales.
Summerville重点介绍了EV BTMS（电池热管理系统）、欧洲热泵、北美IAQ（室内空气质量）和固定发电机组产品线/终端市场中的有机举措，可能接近24财年销售额的20％。
The data center business has a targeted 5-year organic growth CAGR of 15%-25%, while the EV Components business has a targeted 5-year organic growth CAGR of 40%-50%.
数据中心业务的5年有机增长目标为15％-25％，而电动汽车零部件业务的5年有机增长率目标为40％-50％。
For FY24/FY25, adjusted EBITDA and EPS estimates are unchanged at $258 million/$290 million and $2.45/$2.87, respectively.
在24/25财年，调整后的息税折旧摊销前利润和每股收益估计值保持不变，分别为2.58亿美元/2.9亿美元和2.45美元/2.87美元。
Price Action: MOD shares are trading lower by 1.29% to $31.45 on the last check Friday.
价格走势： 周五最后一次支票显示，国防部股价下跌1.29％，至31.45美元。