
ModivCare (MODV) Stock Forecast & Price Target
ModivCare (MODV) Analyst Ratings
Bulls say
ModivCare Inc. demonstrated notable growth in its non-emergency medical transportation (NEMT) services, with utilization increasing by 192 basis points to 10.8%, indicating strong demand for its offerings. The company's personal care services (PCS) also reported a 3.0% revenue growth, supported by a 3.5% rise in revenue per hour, which reflects the effectiveness of its pricing strategy despite a slight decline in total hours. Furthermore, the adjusted EBITDA margin improved by 65 basis points year-over-year to 9.4%, bolstered by state-based quality incentive payments and ongoing initiatives aimed at enhancing operational efficiency and financial stability.
Bears say
ModivCare Inc. faces a challenging financial outlook primarily due to a projected 6.7% decline in top-line revenue for its NEMT segment in 2025, attributed to significant contract attrition resulting in a $200 million revenue headwind. Additionally, the company’s Remote Monitoring and Matrix businesses reported revenue declines of 5.3% and 7.4%, respectively, further indicating a trend of diminished performance across various service lines. Operating margins have also been adversely affected, with a decrease of approximately 600 basis points, leading to a reduced operating margin of just over 3% for fiscal year 2024.
This aggregate rating is based on analysts' research of ModivCare and is not a guaranteed prediction by Public.com or investment advice.
ModivCare (MODV) Analyst Forecast & Price Prediction
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