Molina Healthcare, Inc. (NYSE:MOH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $355.69.

Several research analysts have weighed in on MOH shares. Stephens reiterated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. StockNews.com lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Truist Financial cut their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Finally, Barclays cut their price target 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.

Molina Healthcare Stock Performance

MOH stock opened at $316.70 on Tuesday. The business’s 50-day moving average price is $298.06 and its two-hundred day moving average price is $310.37. 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 firm has a market cap of $17.58 billion, a PE ratio of 15.50, a P/E/G ratio of 1.06 and a beta of 0.56. Molina Healthcare has a 1-year low of $262.32 and a 1-year high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its 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 28.13% and a net margin of 2.90%. As a group, research analysts forecast that Molina Healthcare will post 24.4 earnings per share for the current year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Molina Healthcare by 7.4% during the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock worth $766,111,000 after acquiring an additional 181,073 shares during the period. State Street Corp increased its stake in Molina Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after acquiring an additional 13,001 shares during the period. FMR LLC boosted its holdings in shares of Molina Healthcare by 31.1% in the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock valued at $524,214,000 after purchasing an additional 427,276 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Molina Healthcare by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock valued at $417,144,000 after purchasing an additional 34,992 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Molina Healthcare by 28.5% in the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock valued at $386,229,000 after purchasing an additional 294,180 shares in the last quarter. 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.