Brokerages Set Molina Healthcare, Inc. (NYSE:MOH) Price Target at $378.00

Molina Healthcare, Inc. (NYSE:MOH) has received an average recommendation of “Hold” from the thirteen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $378.00.

Several brokerages have recently commented on MOH. Stephens reiterated an “equal weight” rating and set a $320.00 price objective on shares of Molina Healthcare in a report on Thursday, July 25th. StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Tuesday, September 10th. Finally, Truist Financial cut their price target on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 15th.

Molina Healthcare Trading Down 1.0 %

Shares of NYSE MOH opened at $347.98 on Tuesday. Molina Healthcare has a 1-year low of $282.96 and a 1-year high of $423.92. The business has a fifty day moving average price of $336.88 and a 200 day moving average price of $342.52. The stock has a market capitalization of $20.39 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.20 and a beta of 0.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating the consensus estimate of $5.73 by $0.13. The business had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.65 earnings per share. Equities research analysts expect that Molina Healthcare will post 23.5 EPS for the current fiscal year.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the transaction, the director now directly owns 18,025 shares in the company, valued at $6,114,260.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the sale, the chief accounting officer now directly owns 9,473 shares in the company, valued at approximately $3,282,583.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the transaction, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Molina Healthcare

A number of institutional investors and hedge funds have recently made changes to their positions in MOH. Innealta Capital LLC acquired a new stake in shares of Molina Healthcare in the second quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Molina Healthcare in the second quarter valued at about $40,000. Principal Securities Inc. purchased a new position in shares of Molina Healthcare in the fourth quarter worth about $42,000. AM Squared Ltd acquired a new position in shares of Molina Healthcare during the 2nd quarter worth approximately $59,000. Finally, Mather Group LLC. acquired a new stake in shares of Molina Healthcare in the first quarter valued at approximately $123,000. 98.50% of the stock is currently owned by hedge funds and other 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.