Molina Healthcare (NYSE:MOH) Price Target Cut to $340.00 by Analysts at Truist Financial

Molina Healthcare (NYSE:MOH) had its target price reduced by Truist Financial from $370.00 to $340.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently commented on MOH. Stephens reiterated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a 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, Robert W. Baird decreased their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $353.17.

Molina Healthcare Trading Up 6.6 %

Shares of MOH stock opened at $286.25 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $293.70 and a two-hundred day moving average price of $315.01. Molina Healthcare has a 12-month low of $262.32 and a 12-month high of $423.92. The firm has a market cap of $15.89 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.99 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Equities analysts anticipate that Molina Healthcare will post 24.37 EPS for the current fiscal year.

Institutional Trading of Molina Healthcare

Several large investors have recently bought and sold shares of the company. GF Fund Management CO. LTD. bought a new stake in Molina Healthcare during the 4th quarter valued at approximately $423,000. Public Employees Retirement System of Ohio bought a new stake in Molina Healthcare during the 4th quarter valued at approximately $5,668,000. GTS Securities LLC boosted its position in Molina Healthcare by 931.0% during the 4th quarter. GTS Securities LLC now owns 1,072 shares of the company’s stock valued at $312,000 after acquiring an additional 1,201 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in Molina Healthcare during the 4th quarter valued at approximately $128,000. Finally, Vise Technologies Inc. boosted its position in Molina Healthcare by 43.8% during the 4th quarter. Vise Technologies Inc. now owns 959 shares of the company’s stock valued at $279,000 after acquiring an additional 292 shares in the last quarter. 98.50% of the stock is 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.