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

Shares of Molina Healthcare, Inc. (NYSE:MOH) have received a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $361.91.

A number of analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Robert W. Baird reduced their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th.

Molina Healthcare Trading Up 0.2 %

NYSE:MOH opened at $295.19 on Thursday. The stock’s 50 day moving average price is $305.16 and its 200 day moving average price is $318.66. Molina Healthcare has a 52-week low of $272.69 and a 52-week high of $423.92. The company has a market capitalization of $16.88 billion, a PE ratio of 14.99, a P/E/G ratio of 1.04 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.05 earnings per share. On average, research analysts anticipate that Molina Healthcare will post 23.44 EPS for the current year.

Institutional Investors Weigh In On Molina Healthcare

A number of large investors have recently added to or reduced their stakes in MOH. Public Sector Pension Investment Board boosted its position in Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after buying an additional 300 shares during the last quarter. CWM LLC grew its stake in Molina Healthcare by 76.2% during the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after purchasing an additional 1,730 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Molina Healthcare during the 3rd quarter worth approximately $2,947,000. Tri Ri Asset Management Corp acquired a new position in shares of Molina Healthcare in the 3rd quarter valued at approximately $3,722,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Molina Healthcare by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock valued at $50,421,000 after buying an additional 1,778 shares during 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.