Brokerages Set Molina Healthcare, Inc. (NYSE:MOH) Price Target at $361.91

Molina Healthcare, Inc. (NYSE:MOH) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $361.91.

A number of brokerages have weighed in on MOH. Robert W. Baird reduced their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, 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.

Molina Healthcare Trading Down 0.7 %

Molina Healthcare stock opened at $292.18 on Thursday. Molina Healthcare has a one year low of $272.69 and a one year high of $423.92. The company’s fifty day moving average price is $304.59 and its two-hundred day moving average price is $318.21. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.04 and a beta of 0.54.

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

Institutional Investors Weigh In On Molina Healthcare

A number of institutional investors and hedge funds have recently modified their holdings of MOH. Innealta Capital LLC acquired a new position in Molina Healthcare in the second quarter valued at about $36,000. True Wealth Design LLC boosted its stake in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Molina Healthcare during the second quarter valued at approximately $40,000. AM Squared Ltd bought a new stake in Molina Healthcare in the second quarter valued at approximately $59,000. Finally, Capital Performance Advisors LLP acquired a new stake in Molina Healthcare in the third quarter worth $62,000. 98.50% of the stock is owned by 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.