ModivCare (MODV) Downgraded by Zacks Investment Research to Hold

ModivCare stock has undergone multiple analysts rating changes in the recent past.  ModivCare Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of ModivCare traded down -$0.50 on Monday, reaching $168.88. 0 shares of the stock traded hands, compared to its average volume of 74593. Shares of ModivCare were trading at $168.88 on Monday. The firm’s 50 day moving average is $182.11 and its 200 day moving average is $161.13.ModivCare has a 12 month low of $167.76 and a 12 month high of $211.94. While on yearly highs and lows, ModivCare’s today has traded high as $171.60 and has touched $167.76 on the downward trend. See More Analyst Rating at: RATING

ModivCare Earnings and What to expect: 

ModivCare last posted its earnings data on August 6th, 2021. The reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.84. The firm earned $474.40 million during the quarter, compared to analysts’ expectations of $486.95 million. Its quarterly revenue was up 68.0% on a year-over-year basis. ModivCare has generated $6.95 earnings per share over the last year ($4.55 diluted earnings per share) and currently has a price-to-earnings ratio of 37.1. Earnings for ModivCare are expected to decrease by -13.42% in the coming year, from $6.41 to $5.55 per share. ModivCare has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, November 5th, 2021 based off prior year’s report dates.

Earnings for ModivCare are expected to decrease by -13.42% in the coming year, from $6.41 to $5.55 per share. The P/E ratio of ModivCare is 37.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.28. The P/E ratio of ModivCare is 37.12, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 28.17. ModivCare has a PEG Ratio of 2.71. PEG Ratios above 1 indicate that a company could be overvalued. ModivCare has a P/B Ratio of 5.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

ModivCare (MODV) Moving Average Technical Analysis

5 day Moving Average is $171.26 And 5 day price change is -$13.21 (-7.25%)  with average volume for 5 day average is 71,080. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $176.22 and 20 day price change is -$1.78 (-1.04%) and average 20 day moving volume is 75,095. 50 day moving average is $182.11  and 50 day price change is -$1.12 ( -0.66%)  and with average volume for 50 days is : 63,734. 200 day moving average is $161.13  and 200 day price change is $29.96 (21.57%)  and with average volume for 200 days is : 73,082.

Other owners latest trading in ModivCare :

  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 8,985 which equates to market value of $1.63M and appx 0.00% owners of ModivCare
  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 9,971 which equates to market value of $1.70M and appx 0.00% owners of ModivCare
  • On 9/17/2021 shares held by Virtu Financial LLC were 1,465 which equates to market value of $0.25M and appx 0.00% owners of ModivCare
  • In total Institutional ownership equates to There is no enough data Institutional Ownership Percentage for ModivCare

See More Analyst Rating at: RATING