Molina Healthcare, Inc. (NYSE:MOH) Given Average Rating of “Hold” by Brokerages

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $359.18.

MOH has been the subject of several analyst reports. Robert W. Baird lowered their price target 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. Barclays raised their price target 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. Wells Fargo & Company upped their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MOH. True Wealth Design LLC boosted its stake 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 buying an additional 100 shares during the period. Versant Capital Management Inc lifted its position in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Molina Healthcare in the 3rd quarter valued at approximately $62,000. UMB Bank n.a. increased its holdings in shares of Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after purchasing an additional 101 shares during the period. Finally, AM Squared Ltd raised its stake in shares of Molina Healthcare by 50.0% during the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after purchasing an additional 100 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Trading Down 0.8 %

NYSE:MOH opened at $304.03 on Monday. The stock has a fifty day moving average price of $295.63 and a 200 day moving average price of $316.99. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare has a 12-month low of $272.69 and a 12-month high of $423.92. The firm has a market cap of $17.39 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion during 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%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.05 earnings per share. Sell-side analysts anticipate that Molina Healthcare will post 23.44 earnings per share for the current fiscal 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.