
ModivCare (MODV) Stock Forecast & Price Target
ModivCare (MODV) Analyst Ratings
Bulls say
ModivCare's stock outlook is positively influenced by an increase in utilization of non-emergency medical transportation (NEMT) services, which rose by 192 basis points to 10.8%, demonstrating strong demand in its primary revenue segment. The personal care services (PCS) segment also showed resilience, with a 3.0% growth in top-line service revenue driven by a 3.5% increase in revenue per hour, despite a slight decline in total hours worked. Additionally, the company reported an adjusted EBITDA margin of 9.4%, reflecting operational efficiency improvements and indicating ongoing strategic efforts to enhance financial stability and capture savings through increased fee-for-service contracting.
Bears say
ModivCare's adjusted EBITDA for the RPM segment fell below expectations at $6.8 million, reflecting softer margins at approximately 35.4%. The NEMT business is projected to face a top-line decline of about 6.7% in 2025, primarily due to a $200 million net revenue headwind from significant contract losses. Additionally, the company reported a 0.8% decline in NEMT segment revenue for the latest quarter, compounded by a approximately 600-basis point decrease in operating margins to just over 3% in FY/24.
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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