Molina Healthcare (NYSE:MOH) Price Target Cut to $376.00 by Analysts at Mizuho

Molina Healthcare (NYSE:MOH) had its target price lowered by Mizuho from $382.00 to $376.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on MOH. 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. Stephens reaffirmed an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Barclays cut their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. UBS Group cut their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Finally, StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $354.92.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $303.43 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare has a 52 week low of $262.32 and a 52 week high of $423.92. The stock has a market cap of $16.84 billion, a PE ratio of 14.85, a PEG ratio of 1.06 and a beta of 0.54. The company’s fifty day moving average is $293.26 and its 200 day moving average is $312.57.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Research analysts anticipate that Molina Healthcare will post 24.4 earnings per share for the current year.

Hedge Funds Weigh In On Molina Healthcare

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in shares of Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock worth $871,000 after purchasing an additional 300 shares during the period. Tributary Capital Management LLC lifted its stake in shares of Molina Healthcare by 76.1% in the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after purchasing an additional 1,811 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $544,000. SYM FINANCIAL Corp purchased a new position in shares of Molina Healthcare in the 4th quarter valued at about $249,000. Finally, Oddo BHF Asset Management Sas purchased a new position in Molina Healthcare in the third quarter valued at $2,947,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

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.