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

Molina Healthcare, Inc. (NYSE:MOH) has earned an average rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $359.18.

A number of equities research analysts recently commented on MOH shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. 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 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 research report on Monday, November 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Barclays raised their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th.

Institutional Trading of Molina Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOH. WCM Investment Management LLC grew its holdings in Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after purchasing an additional 36 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after purchasing an additional 39 shares during the last quarter. Caprock Group LLC grew its stake in shares of Molina Healthcare by 3.3% during the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after buying an additional 47 shares during the period. Bank of Hawaii increased its holdings in shares of Molina Healthcare by 4.6% during the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock worth $422,000 after buying an additional 54 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its position in shares of Molina Healthcare by 1.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock worth $1,526,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Trading Up 1.3 %

Shares of Molina Healthcare stock opened at $286.36 on Monday. The company has a 50-day moving average of $296.84 and a two-hundred day moving average of $317.13. The stock has a market cap of $16.38 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.89 and a beta of 0.54. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare has a 12-month low of $272.69 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. Molina Healthcare’s revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.05 earnings per share. On average, research analysts anticipate that Molina Healthcare will post 23.44 EPS for the current fiscal year.

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.