Truist Financial Cuts Molina Healthcare (NYSE:MOH) Price Target to $340.00

Molina Healthcare (NYSE:MOH) had its price objective lowered by Truist Financial from $370.00 to $340.00 in a report published on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

MOH has been the topic of several other research reports. Stephens reaffirmed an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. UBS Group dropped their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Wells Fargo & Company increased their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Barclays dropped their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $353.17.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $283.89 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare has a one year low of $262.32 and a one year high of $423.92. The company’s 50-day simple moving average is $293.21 and its 200-day simple moving average is $314.41. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.05 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS 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%. Equities analysts anticipate that Molina Healthcare will post 24.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Creative Planning boosted its holdings in Molina Healthcare by 2.7% during the third quarter. Creative Planning now owns 8,454 shares of the company’s stock worth $2,913,000 after buying an additional 226 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Molina Healthcare by 26.0% during the third quarter. Bleakley Financial Group LLC now owns 888 shares of the company’s stock worth $306,000 after buying an additional 183 shares in the last quarter. Blue Trust Inc. boosted its holdings in Molina Healthcare by 84.9% during the third quarter. Blue Trust Inc. now owns 479 shares of the company’s stock worth $165,000 after buying an additional 220 shares in the last quarter. Raymond James & Associates boosted its holdings in Molina Healthcare by 59.9% during the third quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock worth $14,574,000 after buying an additional 15,840 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Molina Healthcare by 11.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company’s stock worth $412,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

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.