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

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

Several research analysts have recently weighed in on MOH shares. Barclays increased their price objective 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. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird dropped their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in Molina Healthcare in the 2nd quarter worth $36,000. True Wealth Design LLC increased its position in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Molina Healthcare in the second quarter worth about $40,000. AM Squared Ltd purchased a new position in Molina Healthcare in the second quarter valued at about $59,000. Finally, Capital Performance Advisors LLP acquired a new stake in Molina Healthcare during the 3rd quarter valued at approximately $62,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Stock Up 0.6 %

Shares of NYSE MOH opened at $291.05 on Thursday. The firm has a market cap of $16.65 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.04 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 has a 1 year low of $272.69 and a 1 year high of $423.92. The firm’s 50 day moving average price is $305.11 and its 200 day moving average price is $317.91.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $5.05 earnings per share. As a group, sell-side analysts anticipate that Molina Healthcare will post 23.44 earnings per share 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.