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

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been assigned an average rating of “Hold” from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $367.17.

Several brokerages have commented on MOH. Wells Fargo & Company lifted 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 report on Monday, November 4th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Barclays lifted their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th.

Institutional Trading of Molina Healthcare

A number of hedge funds and other institutional investors have recently bought and sold shares of MOH. Tri Ri Asset Management Corp purchased a new position in Molina Healthcare in the 3rd quarter worth approximately $3,722,000. Wilmington Savings Fund Society FSB purchased a new position in Molina Healthcare in the 3rd quarter worth approximately $113,000. Virtu Financial LLC purchased a new position in Molina Healthcare in the 3rd quarter worth approximately $2,111,000. Hohimer Wealth Management LLC grew its stake in Molina Healthcare by 2.7% in the 3rd quarter. Hohimer Wealth Management LLC now owns 3,475 shares of the company’s stock worth $1,197,000 after buying an additional 93 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Molina Healthcare by 6.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,298 shares of the company’s stock valued at $787,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Up 0.4 %

Molina Healthcare stock opened at $297.90 on Friday. Molina Healthcare has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The stock has a market cap of $17.04 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.02 and a beta of 0.59. The firm’s 50-day simple moving average is $317.40 and its 200 day simple moving average is $322.00. 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 released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. During the same period in the previous year, the company earned $5.05 earnings per share. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. Research analysts predict that Molina Healthcare will post 23.44 EPS 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.