Molina Healthcare, Inc. (NYSE:MOH) Receives $359.18 Average PT from Brokerages

Molina Healthcare, Inc. (NYSE:MOH) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $359.18.

A number of equities research analysts have recently issued reports on MOH shares. Truist Financial dropped their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th. Barclays upped their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Robert W. Baird reduced their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th.

Molina Healthcare Trading Down 0.8 %

MOH stock opened at $304.03 on Monday. Molina Healthcare has a 12-month low of $272.69 and a 12-month high of $423.92. The business’s 50-day moving average is $295.63 and its 200 day moving average is $316.99. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business’s revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.05 earnings per share. On average, sell-side analysts anticipate that Molina Healthcare will post 23.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MOH. Public Sector Pension Investment Board boosted its position in shares of Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after purchasing an additional 300 shares during the period. CWM LLC raised its holdings in shares of Molina Healthcare by 76.2% in the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after buying an additional 1,730 shares during the period. Everence Capital Management Inc. acquired a new position in Molina Healthcare during the 4th quarter worth about $544,000. Oddo BHF Asset Management Sas acquired a new position in Molina Healthcare in the 3rd quarter valued at about $2,947,000. Finally, Tri Ri Asset Management Corp purchased a new stake in Molina Healthcare during the third quarter worth about $3,722,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.