Brokerages Set Molina Healthcare, Inc. (NYSE:MOH) PT at $367.17

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been given a consensus rating of “Hold” by the thirteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $367.17.

A number of research analysts recently commented on the company. Robert W. Baird cut their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Barclays increased their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. Finally, StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th.

Molina Healthcare Stock Up 3.3 %

Molina Healthcare stock opened at $311.77 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. Molina Healthcare has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The firm has a fifty day moving average price of $315.79 and a two-hundred day moving average price of $321.27. The firm has a market cap of $17.83 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.04 and a beta of 0.54.

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

Institutional Trading of Molina Healthcare

Several large investors have recently made changes to their positions in the business. Jupiter Asset Management Ltd. increased its holdings in shares of Molina Healthcare by 434.6% in the second quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company’s stock valued at $55,181,000 after purchasing an additional 150,890 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after buying an additional 123,121 shares during the period. Renaissance Technologies LLC raised its position in shares of Molina Healthcare by 13.3% during the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock worth $282,343,000 after acquiring an additional 111,154 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Molina Healthcare by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock valued at $140,026,000 after acquiring an additional 84,929 shares during the period. Finally, Candriam S.C.A. boosted its holdings in Molina Healthcare by 1,565.1% in the second quarter. Candriam S.C.A. now owns 71,285 shares of the company’s stock valued at $21,192,000 after acquiring an additional 67,004 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

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.