Molina Healthcare (NYSE:MOH) Price Target Lowered to $325.00 at UBS Group

Molina Healthcare (NYSE:MOH) had its price objective reduced by investment analysts at UBS Group from $374.00 to $325.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 13.26% from the stock’s previous close.

MOH has been the subject of several other research reports. Truist Financial dropped their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. StockNews.com raised shares of Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 31st. Stephens restated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday. Finally, Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Moderate Buy” and an average target price of $358.42.

Molina Healthcare Price Performance

Shares of MOH traded up $1.93 during mid-day trading on Friday, hitting $286.94. 199,471 shares of the company were exchanged, compared to its average volume of 596,895. Molina Healthcare has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The company has a 50 day moving average of $298.78 and a 200-day moving average of $318.38. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.96 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. Analysts expect that Molina Healthcare will post 23.44 EPS for the current fiscal year.

Institutional Trading of Molina Healthcare

Hedge funds and other institutional investors have recently made changes to their positions in the company. Waldron Private Wealth LLC grew its position in Molina Healthcare by 4.7% during the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after buying an additional 33 shares during the period. WCM Investment Management LLC grew its position in Molina Healthcare by 3.4% during the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after buying an additional 36 shares during the period. Metis Global Partners LLC grew its position in Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after buying an additional 39 shares during the period. Caprock Group LLC grew its position in Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after buying an additional 47 shares during the period. Finally, Bank of Hawaii grew its position in Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock worth $422,000 after buying an additional 54 shares during the period. 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.