ModivCare (MODV) Stock Forecast, Price & News

2 Wall Street 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 analysts is that investors should "buy" MODV shares.
View MODV analyst ratings or view top-rated stocks.

2 brokers have issued 1 year target prices for ModivCare's stock. Their MODV share price forecasts range from $75.00 to $95.00. On average, they expect the company's stock price to reach $87.33 in the next twelve months. This suggests a possible upside of 71.8% from the stock's current price.
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ModivCare's stock was trading at $89.73 at the beginning of 2023. Since then, MODV shares have decreased by 43.3% and is now trading at $50.84.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our MODV earnings forecast.

ModivCare Inc. (NASDAQ:MODV) released its quarterly earnings results on Thursday, May, 4th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.03. The company earned $663.77 million during the quarter, compared to analyst estimates of $621.74 million. ModivCare had a positive trailing twelve-month return on equity of 26.80% and a negative net margin of 1.39%.

ETFs with the largest weight of ModivCare (NASDAQ:MODV) stock in their portfolio include SPDR S&P Health Care Services ETF (XHS), Invesco S&P SmallCap Health Care ETF (PSCH), Vanguard S&P Small-Cap 600 Value ETF (VIOV), SPDR S&P 600 Small CapValue ETF (SLYV) and iShares U.S. Healthcare Providers ETF (IHF).Invesco S&P SmallCap 600 Revenue ETF (RWJ) and

ModivCare issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.58 billion-$2.60 billion, compared to the consensus revenue estimate of $2.59 billion.

ModivCare trades on the NASDAQ under the ticker symbol "MODV."

ModivCare's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.62%), Silvercrest Asset Management Group LLC (4.55%), State Street Corp (3.59%), Renaissance Technologies LLC (3.55%), Dimensional Fund Advisors LP (3.39%) and Neuberger Berman Group LLC (2.96%). Insiders that own company stock include Coliseum Capital Management, L and Daniel E Greenleaf.
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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.
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One share of MODV stock can currently be purchased for approximately $50.84.

ModivCare (NASDAQ:MODV) has a market capitalization of $720.40 million and generates $2.51 billion in revenue each year. The company earns $-31,810,000.00 in net income (profit) each year or ($2.56) on an earnings per share basis.

The company employs 20,000 workers across the globe.

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.