Molina Healthcare (NYSE:MOH) Given New $339.00 Price Target at Barclays

Molina Healthcare (NYSE:MOH) had its price target cut by Barclays from $372.00 to $339.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also commented on MOH. StockNews.com upgraded shares of Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. UBS Group reduced their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $355.67.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $283.92 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $298.55 and a 200-day simple moving average of $318.15. The stock has a market cap of $16.24 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. Molina Healthcare has a 12-month low of $272.69 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Equities analysts expect that Molina Healthcare will post 24.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Molina Healthcare

A number of hedge funds and other institutional investors have recently bought and sold shares of MOH. Sequoia Financial Advisors LLC boosted its holdings in shares of Molina Healthcare by 28.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,532 shares of the company’s stock valued at $446,000 after acquiring an additional 337 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Molina Healthcare by 25.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 26,307 shares of the company’s stock valued at $7,657,000 after purchasing an additional 5,282 shares during the period. Moran Wealth Management LLC boosted its holdings in Molina Healthcare by 1.1% in the 4th quarter. Moran Wealth Management LLC now owns 62,896 shares of the company’s stock valued at $18,306,000 after purchasing an additional 675 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Molina Healthcare by 3.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,505 shares of the company’s stock worth $5,968,000 after purchasing an additional 777 shares during the period. Finally, AlphaQuest LLC purchased a new position in shares of Molina Healthcare during the 4th quarter worth approximately $230,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

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.