NASDAQ:MODV

ModivCare - MODV Stock Forecast, Price & News

$79.51

-0.51 (-0.64%)

(As of 11/29/2022 12:00 AM ET)

Add

Compare

Today's Range: $78.99
▼
$81.12
50-Day Range: $79.51
▼
$102.85
52-Week Range: $75.00
▼
$154.31

Volume: 81,352 shs
Average Volume: 67,216 shs
Market Capitalization: $1.12 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $137.67

ModivCare MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 73.1% Upside
$137.67 Price Target
Short Interest: Healthy
4.28% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.02
Upright™ Environmental Score
News Sentiment: 0.95
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.43%
From $6.29 to $6.82 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Medical Sector

127th out of 1,038 stocks

Transportation Services Industry

5th out of 16 stocks

3.5

Analyst's Opinion

Consensus Rating
ModivCare has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $137.67, ModivCare has a forecasted upside of 73.1% from its current price of $79.51.
Amount of Analyst Coverage
ModivCare has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.28% of the float of ModivCare has been sold short.
Short Interest Ratio / Days to Cover
ModivCare has a short interest ratio ("days to cover") of 8.6.
Change versus previous month
Short interest in ModivCare has recently decreased by 11.46%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
ModivCare does not currently pay a dividend.
Dividend Growth
ModivCare does not have a long track record of dividend growth.

4.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ModivCare has received a 68.86% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Non-medical home care services for elderly", "Private personal care assistant services", and "Private home care for the elderly" products. See details.
Environmental Sustainability
The Environmental Impact score for ModivCare is -1.02.

3.3

News and Social Media Coverage

News Sentiment
ModivCare has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for ModivCare this week, compared to 1 article on an average week.
MarketBeat Follows
3 people have added ModivCare to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ModivCare insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.70% of the stock of ModivCare is held by insiders. A high percentage of insider ownership can be a sign of company health.

1.3

Earnings and Valuation

Earnings Growth
Earnings for ModivCare are expected to grow by 8.43% in the coming year, from $6.29 to $6.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ModivCare is -19.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of ModivCare is -19.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
ModivCare has a PEG Ratio of 1.27. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ModivCare has a P/B Ratio of 3.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ModivCare (NASDAQ:MODV) Stock

ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and the Matrix Investment. The NEMT segment offers contact center management, network credentialing, claims management, and non-emergency medical transport management services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services. The Personal Care segment provides bathing, personal hygiene, grooming, oral care, dressing, medication reminders, meal planning, preparation and feeding, housekeeping, transportation services, prescription reminders, and assistance with dressing and ambulation services through placing non-medical personal care assistants, home health aides, and skilled nurses primarily to Medicaid patients in need of care monitoring and assistance in performing daily living activities, including senior citizens and disabled adults. The RPM segment offers personal emergency response systems, vitals monitoring, medication management, and data-driven patient engagement solutions. The Matrix Investment segment provides in-home and on-site care services, as well as a fleet of mobile health clinics that offers community-based care with advanced diagnostic capabilities and care options. It serves federal, state, and local government agencies, MCOs, commercial insurers, private individuals, and health systems. The company was formerly known as The Providence Service Corporation and changed its name to ModivCare Inc. in January 2021. ModivCare Inc. was incorporated in 1996 and is headquartered in Denver, Colorado.

Receive MODV Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for ModivCare and its competitors with MarketBeat's FREE daily newsletter.

MODV Stock News Headlines

November 29, 2022 | americanbankingnews.com

MingZhu Logistics (NASDAQ:YGMZ) vs. ModivCare (NASDAQ:MODV) Head to Head Analysis

November 28, 2022 | seekingalpha.com

ModivCare: Reaffirm Hold As Operating Headwinds Continue

November 23, 2022 | finance.yahoo.com

Modivcare to Present at the BofA Securities Home Care Conference 2022

November 5, 2022 | seekingalpha.com

ModivCare Inc. (MODV) Q3 2022 Earnings Call Transcript

November 3, 2022 | msn.com

Recap: ModivCare Q3 Earnings

November 3, 2022 | finance.yahoo.com

Modivcare Reports Third Quarter 2022 Financial Results and Updates 2022 Guidance

November 1, 2022 | marketwatch.com

Modivcare Names L. Heath Sampson Permanent President, CEO >MODV

November 1, 2022 | finance.yahoo.com

L. Heath Sampson Confirmed as Modivcare’s President and Chief Executive Officer

October 18, 2022 | nasdaq.com

Are Investors Undervaluing ModivCare (MODV) Right Now?

October 16, 2022 | nz.finance.yahoo.com

Investors might be losing patience for ModivCare's (NASDAQ:MODV) increasing losses, as stock sheds 7.7% over the past week

October 15, 2022 | nasdaq.com

ModivCare is Now Oversold (MODV)

October 13, 2022 | finance.yahoo.com

Modivcare to Report Third Quarter 2022 Financial Results

September 15, 2022 | nasdaq.com

ModivCare (MODV) Shares Cross Below 200 DMA

September 13, 2022 | reuters.com

MODV.O - ModivCare Inc | Stock Price & Latest News | Reuters

September 7, 2022 | finance.yahoo.com

Modivcare to Present at Upcoming Investor Conferences

September 2, 2022 | seekingalpha.com

ModivCare: ROIC And Continuing Value Are Narrowing - Rating It A Hold

September 2, 2022 | finance.yahoo.com

Zacks.com featured highlights include BorgWarner Univar Solutions, Marathon Petroleum, Barclays and ModivCare

August 29, 2022 | finance.yahoo.com

Can ModivCare (MODV) Climb 29% to Reach the Level Wall Street Analysts Expect?

August 24, 2022 | ca.finance.yahoo.com

MODV vs. PGNY: Which Stock Should Value Investors Buy Now?

August 12, 2022 | nasdaq.com

ModivCare Breaks Above 200-Day Moving Average - Bullish for MODV

August 10, 2022 | finance.yahoo.com

Does ModivCare (MODV) Have the Potential to Rally 32% as Wall Street Analysts Expect?

August 7, 2022 | seekingalpha.com

ModivCare Inc. (MODV) CEO Heath Sampson on Q2 2022 Results - Earnings Call Transcript

August 4, 2022 | msn.com

ModivCare: Q2 Earnings Insights

August 4, 2022 | nasdaq.com

ModivCare (MODV) Q2 Earnings and Revenues Beat Estimates

August 4, 2022 | finance.yahoo.com

Modivcare Reports Second Quarter 2022 Financial Results and Updates 2022 Guidance

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive MODV Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for ModivCare and its competitors with MarketBeat's FREE daily newsletter.

MODV Company Calendar

Last Earnings: 11/03/2022
Today: 11/30/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/24/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Transportation services
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:MODV
CUSIP: N/A
CIK: 1220754
Web: www.modivcare.com
Phone: (303) 728-7030
Fax: 203-307-2799
Employees: 20,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $137.67
High Stock Price Forecast: $145.00
Low Stock Price Forecast: $130.00
Forecasted Upside/Downside: +73.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.02)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 12.64
P/E Growth: 1.27
Net Income: $-6,590,000.00
Net Margins: -2.32%
Pretax Margin: 0.41%
Return on Equity: 27.10%
Return on Assets: 4.92%

Debt

Debt-to-Equity Ratio: 2.76
Current Ratio: 0.72
Quick Ratio: 0.72

Sales & Book Value

Annual Sales: $2.00 billion
Price / Sales: 0.56
Cash Flow: $12.19 per share
Price / Cash Flow: 6.52
Book Value: $25.05 per share
Price / Book: 3.17

Miscellaneous

Outstanding Shares: 14,140,000
Free Float: 12,625,000
Market Cap: $1.12 billion
Optionable: Optionable
Beta: 0.77

Key Executives

Mr. L. Heath Sampson (Age 51)
Interim CEO, CFO & Interim Pres of Modivcare Home
Comp: $870.23k

Mr. Walt A. Meffert Jr. (Age 58)
Chief Information Officer
Comp: $737.63k

Mr. Grover N. Wray (Age 61)
Chief HR Officer
Comp: $155.76k

Ms. Rebecca Orcutt
VP & Chief Accounting Officer

Mr. Kevin Kim Ellich
Head of Investor Relations

Ms. Jody Kepler J.D. (Age 52)
L.L.M., Chief Compliance Officer

Mr. Jonathan B. Bush (Age 53)
Sr. VP, Gen. Counsel & Sec.

Kate Zerone
Director of Ombudsman & Communications

Mr. Zachary B. Miller C.F.A.
CFA, Associate of Corp. Devel. & Investor Relations

Mr. Kenneth Shepard (Age 41)
Chief Financial Officer of NEMT Bus.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MODV Stock - Frequently Asked Questions

Should I buy or sell ModivCare stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ModivCare in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MODV shares.
View MODV analyst ratings or view top-rated stocks.
What is ModivCare's stock price forecast for 2023?: 2 brokerages have issued 1-year target prices for ModivCare's shares. Their MODV share price forecasts range from $130.00 to $145.00. On average, they predict the company's share price to reach $137.67 in the next year. This suggests a possible upside of 73.1% from the stock's current price.
View analysts price targets for MODV or view top-rated stocks among Wall Street analysts.
How have MODV shares performed in 2022?: ModivCare's stock was trading at $148.29 at the start of the year. Since then, MODV shares have decreased by 46.4% and is now trading at $79.51.
View the best growth stocks for 2022 here.
When is ModivCare's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our MODV earnings forecast.
How were ModivCare's earnings last quarter?: ModivCare Inc. (NASDAQ:MODV) announced its quarterly earnings data on Thursday, November, 3rd. The company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.29. The company had revenue of $647.78 million for the quarter, compared to the consensus estimate of $589.01 million. ModivCare had a positive trailing twelve-month return on equity of 27.10% and a negative net margin of 2.32%.
What guidance has ModivCare issued on next quarter's earnings?: ModivCare updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.45 billion-$2.48 billion, compared to the consensus revenue estimate of $2.40 billion.

What is ModivCare's stock symbol?: ModivCare trades on the NASDAQ under the ticker symbol "MODV."
Who are ModivCare's major shareholders?: ModivCare's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.27%), Vanguard Group Inc. (6.21%), Renaissance Technologies LLC (3.82%), Dimensional Fund Advisors LP (3.44%), State Street Corp (3.26%) and Bank of New York Mellon Corp (2.74%).
View institutional ownership trends.
How do I buy shares of ModivCare?: Shares of MODV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is ModivCare's stock price today?: One share of MODV stock can currently be purchased for approximately $79.51.
How much money does ModivCare make?: ModivCare (NASDAQ:MODV) has a market capitalization of $1.12 billion and generates $2.00 billion in revenue each year. The company earns $-6,590,000.00 in net income (profit) each year or ($4.02) on an earnings per share basis.
How many employees does ModivCare have?: The company employs 20,200 workers across the globe.
How can I contact ModivCare?: ModivCare's mailing address is 1275 Peachtree Street Sixth Floor, Atlanta GA, 30309. The official website for the company is www.modivcare.com. The company can be reached via phone at (303) 728-7030, via email at kahl@equityny.com, or via fax at 203-307-2799.

This page (NASDAQ:MODV) was last updated on 11/30/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial