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 分析師 Matt J. Summerville 重申了對以下股票的買入評級 摩丁製造公司 (NYSE: MOD)，將目標股價從38美元上調至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仍然特別看好該公司在少數高增長垂直市場/產品線中的利潤增長有機增長。
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.
國防部的數據中心業務仍然處於有利地位，可以利用北美和歐洲/英國超大規模和託管市場的健康需求。
The analyst underlines Modine Manufacturing's strong outperformance on a YTD basis (+60% vs. S&P500 at +14%).
該分析師強調，Modine Manufacturing在年初至今的表現強勁跑贏大盤（增長60％，而標準普爾500指數爲+ 14％）。
The analyst notes the company's balance sheet is sound, with net leverage at just under 1.5x.
分析師指出，該公司的資產負債表健全，淨槓桿率略低於1.5倍。
Also Read: Modine Manufacturing Bolsters Europe Operations To Meet Demand Growth
另請閱讀： Modine Manufacturing 支持歐洲業務以滿足需求增長
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重點介紹了EV BTMS（電池熱管理系統）、歐洲熱泵、北美IAQ（室內空氣質量）和固定發電機組產品線/終端市場中的有機舉措，可能接近24財年銷售額的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%.
數據中心業務的5年有機增長目標爲15％-25％，而電動汽車零部件業務的5年有機增長率目標爲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財年，調整後的息稅折舊攤銷前利潤和每股收益估計值保持不變，分別爲2.58億美元/2.9億美元和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.
價格走勢： 週五最後一次支票顯示，國防部股價下跌1.29％，至31.45美元。