Mizuho Issues Pessimistic Forecast for Molina Healthcare (NYSE:MOH) Stock Price

Molina Healthcare (NYSE:MOH) had its target price trimmed by Mizuho from $382.00 to $376.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently commented on the company. Truist Financial reduced their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. UBS Group dropped their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Barclays reduced their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $355.69.

Molina Healthcare Stock Up 1.8 %

Molina Healthcare stock opened at $312.05 on Monday. Molina Healthcare has a twelve month low of $262.32 and a twelve month high of $423.92. The stock has a 50 day moving average of $293.65 and a two-hundred day moving average of $311.96. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. As a group, research analysts expect that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Molina Healthcare

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in shares of Molina Healthcare during the 3rd quarter worth approximately $215,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Molina Healthcare by 9.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,706 shares of the company’s stock worth $932,000 after acquiring an additional 242 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Molina Healthcare by 10.0% in the third quarter. Focus Financial Network Inc. now owns 750 shares of the company’s stock valued at $258,000 after purchasing an additional 68 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Molina Healthcare by 43.0% in the third quarter. Farther Finance Advisors LLC now owns 409 shares of the company’s stock valued at $141,000 after purchasing an additional 123 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Molina Healthcare during the third quarter worth $414,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Company Profile

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.