Barclays Cuts Molina Healthcare (NYSE:MOH) Price Target to $339.00

Molina Healthcare (NYSE:MOH) had its price objective cut by Barclays from $372.00 to $339.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

MOH has been the subject of several other reports. Wells Fargo & Company raised their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. StockNews.com upgraded shares of Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 31st. Robert W. Baird lowered their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. 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 research note on Tuesday, December 17th. Finally, UBS Group lowered their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and a consensus target price of $355.67.

Molina Healthcare Stock Performance

NYSE:MOH opened at $283.92 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The firm’s fifty day moving average price is $298.27 and its 200 day moving average price is $318.54. Molina Healthcare has a 1-year low of $272.69 and a 1-year high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, sell-side analysts expect that Molina Healthcare will post 24.5 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its position in shares of Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after buying an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Molina Healthcare in the 4th quarter valued at $26,091,000. Victory Capital Management Inc. lifted its stake in shares of Molina Healthcare by 48.9% during the 4th quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after purchasing an additional 46,350 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Molina Healthcare during the 4th quarter worth $10,725,000. Finally, NFJ Investment Group LLC acquired a new stake in shares of Molina Healthcare during the third quarter worth $7,432,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

About Molina Healthcare

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.