Latest news with #MOD
Yahoo
a day ago
- Business
- Yahoo
Is It Worth Investing in Modine (MOD) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Modine (MOD). Modine currently has an average brokerage recommendation (ABR) 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. Check price target & stock forecast for Modine here>>>While the ABR calls for buying Modine, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. 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 "Strong Buy" recommendations for every "Strong Sell" recommendation. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. 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'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. 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' 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. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns. Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Looking at the earnings estimate revisions for Modine, the Zacks Consensus Estimate for the current year has declined 1.7% over the past month to $4.53. Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge 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 #4 (Sell) for Modine. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for Modine with a grain of salt. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Modine Manufacturing Company (MOD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
2 days ago
- Business
- Yahoo
South Essex MP welcomes landmark £1.5 billion defence contract extension
A south Essex MP has welcomed a landmark £1.5 billion defence contract. Bayo Alaba, MP for Southend East and Rochford, praised the long-term contract extension between the Ministry of Defence and QinetiQ. He said this will help support jobs at the MOD Shoebury site, which is operated by QinetiQ. Mr Alaba said: "Extending this partnership means certainty for hundreds of local jobs. "I visited the MOD in Shoeburyness recently and had the pleasure of meeting local people who worked there. "I was impressed by the work they do, so I'm pleased to see the Labour Government's vote of confidence in them. "By extension, this is good news for the economy in Shoebury and Southend." As a former soldier, Mr Alaba said matters of defence hold personal significance for him. He also expressed hope that the contract will continue to offer opportunities for young people through apprenticeships and graduate schemes.
Daily Mail
6 days ago
- Politics
- Daily Mail
UK to invest £1bln in hacking capabilities to counter Russian threats
The British military is looking to throw a massive £1billion into AI and what's been dubbed an army of hackers. The Defence Secretary says the Government has plans to set up a cyber command to counter a 'continual and intensifying' level of cyber warfare as part of the strategic defence review. Defence Secretary John Healey said Government will also invest more than £1billion into a new 'digital targeting web' to be set up by 2027. This is set to better connect weapons systems and allow battlefield decisions targeting enemy threats to be made and executed faster. Mr Healey added that the Government is responding after some 90,000 cyber attacks from state-linked sources were directed at the UK's defence over the last two years. 'Certainly the intensity of the cyber attacks that we're seeing from Russia stepped up, and cyber is now the leading edge, not just of defence, but of contests and tension between countries,' he told reporters during a visit to MOD Corsham. He said there is a 'level of cyber warfare that is continual and intensifying' that requires the UK to step up its capacity to defend against it. The command will also work on electromagnetic warfare - for example, through degrading command and control, jamming signals to drones or missiles and intercepting an adversary's communications. Over the last five years, the National Cyber Force has carried out hacking operations on behalf of the military. It will now coordinate offensive cyber capabilities with the new Cyber and Electromagnetic Command, which will fight enemies on the web and lead defensive operations. Details of Britain's offensive cyber capabilities are a secret, but action by other countries has ranged from spying on officials to installing software that forces industrial machinery to break. Russia, China, Iran and North Korea are all believed to have hackers who work in espionage with the aim of breaking into sensitive information online, or engaging in cyber attacks.
Yahoo
27-05-2025
- General
- Yahoo
UK intelligence reveals that Russian General Surovikin has been found in Algeria
UK intelligence has learned that Russian General Sergei Surovikin who has not been seen in public for many months is likely in Algeria. Source: UK Defence Intelligence update dated 27 May on X (Twitter), as reported by European Pravda Details: The update relays reports from the Russian media that General Surovikin was spotted in a photo from the Russian Embassy in Algeria, taken during Victory Day events on 9 May, where he appeared in the role of "head of a group of Russian military specialists". [Victory Day is a Russian holiday commemorating the Soviet victory over Nazi Germany in 1945 – ed.] This is one of Surovikin's first public appearances since Yevgeny Prigozhin's failed mutiny in 2023. [Prigozhin was the financier of the Wagner Private Military Company. He led a failed mutiny in June 2023, during which he accused Russia's military leadership of betraying Wagner fighters and briefly advanced towards Moscow before standing down after negotiations – ed.] Surovikin previously commanded the Russian Group of Forces in the war against Ukraine and later headed the Russian Aerospace Forces. He was known to be close to Prigozhin, notably due to involvement in operations in Syria. Quote from UK intelligence: "Reports of Surovikin's arrest and detention in relation to the June 2023 Wagner Group mutiny were not publicly confirmed. The Russian Ministry of Defence (MOD) did not officially announce Surovikin's resignation. However, in September 2023, references to him were reportedly removed from the Russian MOD's website." Details: Analysts suggest that the Kremlin has viewed Surovikin with suspicion due to his long-standing ties to the Wagner Group dating back to the Syrian campaign. Support Ukrainska Pravda on Patreon!
Hindustan Times
27-05-2025
- Politics
- Hindustan Times
Amid 'rift' with Muhammad Yunus, Bangladesh's Army officers' ‘no reason…' statement to the media
Putting an end to speculation about a growing rift between the army and Muhammad Yunus-led interim government of Bangladesh, the country's top army officers said they were working closely with the government to safeguard the nation's interests. Bangladesh Army's senior officials made the statements at a press conference in Dhaka on Monday. Addressing the reporters, director of the Military Operations Directorate (MOD) Brig Gen Md Nazim-ud-Daula said, "This is our country. Its welfare and sovereignty are deeply connected to all of us. If we want to keep this country safe, we have to do it ourselves. And if anything goes wrong, we are equally responsible for that too,' reported Bangladesh's local newspaper The Daily Star. Also read: Sheikh Hasina brings up St Martin's island, accusing Yunus of 'selling' Bangladesh to US | Significance explained While responding to a question about a humanitarian corridor to Myanmar's Rakhine State proposed by the United Nations, he urged the media not to misinterpret the ongoing discussions regarding the relationship between the country's government and military "I don't believe this issue has reached a point to warrant such criticism or speculation. The government and the Bangladesh Army are working in close coordination and complementing each other. We follow the government's directives. There is no reason to interpret it otherwise," The Daily Star quoted Md Nazim-ud-Daula as saying. "Sometimes, even in families, there can be misunderstandings. Similarly, different stakeholders may express varying opinions in the course of running a country. But that does not mean there's division or conflict. Nothing of that sort has happened," he added. Md Nazim-ud-Daula also made it explicitly clear that the army and interim government of Bangladesh are 'not at odds'. 'We are working together, and I firmly believe we will continue to do so even more effectively in the days ahead,' he said. The remarks come amid reports of a rift emerging between the Bangladesh military and its interim government headed by Muhammad Yunus after the ouster of former Prime Minister Sheikh Hasina. The country's army is pushing Muhammad Yunus to hold elections by the end of 2025, according to people familiar with the matter. Among the key issues causing differences Bangladesh's interim government and the military is reportedly the former's inability to fix a timeline for the elections and a controversial proposal to establish a corridor from Cox's Bazar in Bangladesh to Myanmar's Rakhine state in order to help Rohingya refugees, said people familiar with the matter on condition of anonymity, as reported by Hindustan Times earlier. Calling the corridor issue 'sensitive', Col Md Shafiqul Islam, colonel staff of the MOD said, 'Let me be clear—Bangladesh Army will never be involved in any action that may compromise national security' He also reacted to rumours about the country's army taking over the power of the state and said that they have no such intentions. ' We have no intention, no interest, and no information to suggest anything of that sort,' the Daily Star quoted him as saying.
