ModivCare Inc. (MODV)
NASDAQ: MODV · Real-Time Price · USD
32.09
+0.09 (0.28%)
Sep 9, 2024, 4:00 PM EDT - Market closed
ModivCare Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for ModivCare stock have an average target of 41, with a low estimate of 35 and a high estimate of 50. The average target predicts an increase of 27.77% from the current stock price of 32.09.
Analyst Consensus: Buy
* Price targets were last updated on Aug 9, 2024.
Analyst Ratings
The average analyst rating for ModivCare stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 5 | 5 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barrington Research | Barrington Research | Hold → Buy Upgrades $35 | Hold → Buy | Upgrades | $35 | +9.07% | Aug 9, 2024 |
| Lake Street | Lake Street | Hold → Strong Buy Upgrades $50 | Hold → Strong Buy | Upgrades | $50 | +55.81% | May 6, 2024 |
| Barrington Research | Barrington Research | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Feb 26, 2024 |
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $60 → $39 | Strong Buy → Hold | Downgrades | $60 → $39 | +21.53% | Feb 23, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $60 → $40 | Strong Buy → Hold | Downgrades | $60 → $40 | +24.65% | Feb 23, 2024 |
Financial Forecast
Revenue This Year
2.88B
from 2.75B
Increased by 4.76%
Revenue Next Year
3.10B
from 2.88B
Increased by 7.46%
EPS This Year
2.20
from -14.43
EPS Next Year
4.81
from 2.20
Increased by 117.98%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.0B | 3.3B | 3.4B |
| Avg | 2.9B | 3.1B | 3.3B |
| Low | 2.7B | 2.9B | 3.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.5% | 13.6% | 10.3% |
| Avg | 4.8% | 7.5% | 5.3% |
| Low | -0.9% | 1.4% | -0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.90 | 5.90 | 7.52 |
| Avg | 2.20 | 4.81 | 6.54 |
| Low | 1.21 | 3.52 | 5.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 167.6% | 56.4% |
| Avg | - | 118.0% | 36.1% |
| Low | - | 59.6% | 7.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.