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

Molina Healthcare, Inc. (NYSE:MOH) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $367.17.

MOH has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird cut their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Barclays lifted their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th.

Hedge Funds Weigh In On Molina Healthcare

Several hedge funds have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the period. Innealta Capital LLC purchased a new stake in shares of Molina Healthcare during the second quarter valued at $36,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Molina Healthcare in the second quarter worth about $40,000. Capital Performance Advisors LLP purchased a new position in Molina Healthcare in the 3rd quarter worth about $62,000. Finally, AM Squared Ltd purchased a new position in Molina Healthcare in the 2nd quarter worth about $59,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Down 1.8 %

Shares of NYSE:MOH opened at $294.99 on Friday. Molina Healthcare has a 52-week low of $272.69 and a 52-week high of $423.92. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.07 and a beta of 0.54. 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 stock’s 50-day simple moving average is $313.41 and its two-hundred day simple moving average is $320.56.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the business posted $5.05 earnings per share. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. Analysts expect that Molina Healthcare will post 23.44 EPS for the current year.

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.