Modivcare Inc. (MODV) has disclosed a new risk, in the Environmental / Social category.
Modivcare Inc. faces heightened business risks as the scrutiny and changing expectations around environmental, social, and governance (ESG) matters intensify. The company may incur increased costs due to compliance and stakeholder engagement, while divergent stakeholder views on ESG issues could tarnish its reputation and affect business relationships. Unfavorable ESG ratings or exclusion from ESG-focused funds could lead to adverse investor sentiment, lower stock prices, and restricted access to capital, potentially escalating the cost of capital for Modivcare Inc. Such developments underscore the growing importance of ESG considerations in corporate strategy and performance.
Overall, Wall Street has a Hold consensus rating on MODV stock based on 4 Holds.
To learn more about Modivcare Inc.’s risk factors, click here.