ModivCare Inc. (MODV)
NASDAQ: MODV · IEX Real-Time Price · USD
27.32
-1.04 (-3.67%)
May 31, 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 56, with a low estimate of 39 and a high estimate of 95. The average target predicts an increase of 104.98% from the current stock price of 27.32.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ModivCare stock from 5 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 0 | 0 | 0 | 1 |
| Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 4 | 4 | 4 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Lake Street | Lake Street | Hold → Strong Buy Upgrades $50 | Hold → Strong Buy | Upgrades | $50 | +83.02% | 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 | +42.75% | Feb 23, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $60 → $40 | Strong Buy → Hold | Downgrades | $60 → $40 | +46.41% | Feb 23, 2024 |
| Barrington Research | Barrington Research | Buy Maintains $58 → $68 | Buy | Maintains | $58 → $68 | +148.90% | Nov 6, 2023 |
Financial Forecast
Revenue This Year
2.90B
from 2.76B
Increased by 5.22%
Revenue Next Year
3.11B
from 2.90B
Increased by 7.28%
EPS This Year
3.65
from -14.43
EPS Next Year
5.43
from 3.65
Increased by 49.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.1B | 3.3B | 3.4B |
| Avg | 2.9B | 3.1B | 3.3B |
| Low | 2.7B | 3.0B | 3.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.2% | 12.8% | 9.7% |
| Avg | 5.2% | 7.3% | 6.0% |
| Low | -0.8% | 1.9% | 1.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.84 | 6.95 | 8.58 |
| Avg | 3.65 | 5.43 | 6.99 |
| Low | 1.09 | 3.60 | 4.83 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 90.6% | 57.9% |
| Avg | - | 49.0% | 28.7% |
| Low | - | -1.4% | -11.1% |
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.