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

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $361.91.

Several brokerages have weighed in on MOH. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Robert W. Baird dropped their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Barclays upped their price objective on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th.

Molina Healthcare Stock Down 1.0 %

MOH opened at $289.38 on Thursday. Molina Healthcare has a 1-year low of $272.69 and a 1-year high of $423.92. The firm’s 50 day simple moving average is $304.64 and its two-hundred day simple moving average is $318.22. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $16.55 billion, a PE ratio of 14.70, a PEG ratio of 1.04 and a beta of 0.54.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Custom Index Systems LLC grew its position in shares of Molina Healthcare by 5.0% in the 2nd quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock worth $205,000 after buying an additional 33 shares during the last quarter. WCM Investment Management LLC boosted its stake in Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after acquiring an additional 36 shares in the last quarter. Metis Global Partners LLC grew its holdings in Molina Healthcare by 1.4% in the third 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 last quarter. Caprock Group LLC increased its position in shares of Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after purchasing an additional 47 shares in the last quarter. Finally, Bank of Hawaii lifted its holdings in shares of Molina Healthcare by 4.6% during the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock valued at $422,000 after purchasing an additional 54 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

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.