Molina Healthcare (NYSE:MOH) Price Target Cut to $370.00 by Analysts at Truist Financial

Molina Healthcare (NYSE:MOH) had its price target reduced by Truist Financial from $400.00 to $370.00 in a research note released on Monday,Benzinga reports. They currently have a buy rating on the stock.

MOH has been the subject of several other research reports. Barclays lifted their price objective 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. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Robert W. Baird cut their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $359.18.

Molina Healthcare Stock Up 1.0 %

Shares of NYSE MOH opened at $297.51 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The company has a market cap of $17.02 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.04 and a beta of 0.54. Molina Healthcare has a 52 week low of $272.69 and a 52 week high of $423.92. The business has a 50-day simple moving average of $303.42 and a two-hundred day simple moving average of $317.70.

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

Hedge Funds Weigh In On Molina Healthcare

Several institutional investors and hedge funds have recently bought and sold shares of MOH. True Wealth Design LLC grew its holdings in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Molina Healthcare in the 2nd quarter worth $40,000. Versant Capital Management Inc increased its position in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after acquiring an additional 74 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Molina Healthcare during the third quarter valued at about $62,000. Finally, UMB Bank n.a. boosted its holdings in shares of Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after purchasing an additional 101 shares during the period. 98.50% of the stock is currently owned by institutional investors.

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.