Molina Healthcare’s (MOH) Equal Weight Rating Reaffirmed at Stephens

Molina Healthcare (NYSE:MOH)‘s stock had its “equal weight” rating restated by investment analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They presently have a $345.00 price objective on the stock. Stephens’ target price points to a potential upside of 21.51% from the stock’s current price.

A number of other equities research analysts also recently weighed in on MOH. StockNews.com raised Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. 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. Truist Financial decreased their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $355.67.

Molina Healthcare Trading Down 0.4 %

NYSE:MOH opened at $283.92 on Thursday. The firm has a 50-day simple moving average of $298.55 and a 200-day simple moving average of $318.15. Molina Healthcare has a one year low of $272.69 and a one year high of $423.92. The firm has a market cap of $16.24 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.96 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.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. Equities analysts anticipate that Molina Healthcare will post 23.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. State Street Corp increased its holdings in Molina Healthcare by 0.5% in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Molina Healthcare by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 400,080 shares of the company’s stock valued at $116,443,000 after purchasing an additional 10,002 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after purchasing an additional 122,674 shares in the last quarter. Swiss National Bank raised its position in shares of Molina Healthcare by 0.3% during the 3rd quarter. Swiss National Bank now owns 173,900 shares of the company’s stock worth $59,919,000 after purchasing an additional 500 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Molina Healthcare by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock valued at $43,533,000 after buying an additional 3,238 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

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.