Molina Healthcare (NYSE:MOH) PT Raised to $372.00

Molina Healthcare (NYSE:MOH) had its price objective lifted by Barclays from $359.00 to $372.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently commented on MOH. Wells Fargo & Company raised their price target on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Robert W. Baird decreased their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Stephens reissued an “equal weight” rating and issued a $320.00 price objective on shares of Molina Healthcare in a research note on Thursday, July 25th. Finally, StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.00.

Molina Healthcare Stock Down 3.2 %

Shares of NYSE:MOH opened at $315.20 on Friday. Molina Healthcare has a 1 year low of $272.69 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The business’s 50-day moving average is $335.23 and its 200-day moving average is $329.39. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 0.99 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.05 earnings per share. Equities research analysts predict that Molina Healthcare will post 23.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Maurice Hebert sold 393 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the sale, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

Several institutional investors have recently modified their holdings of the business. Innealta Capital LLC purchased a new position in Molina Healthcare in the second quarter worth $36,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Molina Healthcare during the 2nd quarter worth $40,000. AM Squared Ltd purchased a new position in shares of Molina Healthcare in the 2nd quarter worth about $59,000. UMB Bank n.a. grew its position in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after buying an additional 101 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in Molina Healthcare during the first quarter valued at about $151,000. 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.