
ModivCare (MODV) Stock Forecast & Price Target
ModivCare (MODV) Analyst Ratings
Bulls say
ModivCare Inc has reported a notable increase in the utilization of its non-emergency medical transportation (NEMT) services, rising 192 basis points to 10.8%, which reflects growing demand for its core offerings. Additionally, the personal care services (PCS) segment achieved a 3.0% revenue growth driven by a 3.5% increase in revenue per hour, along with an adjusted EBITDA margin of 9.4%, indicating improved operational efficiency. The company anticipates further enhancements in financial performance through an increased mix of fee-for-service contracts and projected continued savings from efficiency initiatives over the next few years, positioning it favorably in the healthcare services market.
Bears say
ModivCare Inc. faces a challenging financial outlook, particularly within its non-emergency medical transportation (NEMT) segment, which is projected to experience a revenue decline of approximately 6.7% in 2025 due to a significant $200 million headwind stemming from contract attrition. Additionally, the company reported a 0.8% decrease in NEMT revenue for the latest quarter, with operating margins suffering a notable contraction of around 600 basis points to just over 3% for fiscal year 2024. The remote monitoring segment also contributed to the negative outlook, with a revenue decline of 5.3% compared to the previous year and a reported loss of $19 million within another business unit, indicating underlying weaknesses across its revenue-generating lines.
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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