Molina Healthcare (NYSE:MOH) Earns “Equal Weight” Rating from Stephens

Molina Healthcare (NYSE:MOH)‘s stock had its “equal weight” rating reiterated by investment analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They currently have a $345.00 target price on the stock. Stephens’ target price indicates a potential upside of 19.23% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Robert W. Baird dropped their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. StockNews.com upgraded Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Truist Financial cut their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $361.45.

Molina Healthcare Trading Down 8.7 %

NYSE:MOH opened at $289.37 on Thursday. The stock has a market capitalization of $16.55 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.96 and a beta of 0.54. Molina Healthcare has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The business’s 50-day simple moving average is $298.78 and its 200-day simple moving average is $318.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55.

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

Hedge Funds Weigh In On Molina Healthcare

A number of large investors have recently made changes to their positions in MOH. Waldron Private Wealth LLC grew its holdings in shares of Molina Healthcare by 4.7% during the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after purchasing an additional 33 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Molina Healthcare by 3.4% in the 3rd 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 last quarter. Metis Global Partners LLC lifted its stake in shares of Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after purchasing an additional 39 shares during the period. Caprock Group LLC raised its holdings in Molina Healthcare by 3.3% in the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after purchasing an additional 47 shares during the period. Finally, Bank of Hawaii raised its holdings in Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after acquiring an additional 54 shares during the period. 98.50% of the stock is owned by 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.