Molina Healthcare, Inc. (NYSE:MOH) Receives $355.67 Consensus Target Price from Analysts

Molina Healthcare, Inc. (NYSE:MOH) has been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $353.17.

Several research firms have recently weighed in on MOH. Truist Financial dropped their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird lowered their price objective 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. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th.

Molina Healthcare Stock Performance

MOH opened at $291.71 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market cap of $16.19 billion, a PE ratio of 14.28, a P/E/G ratio of 0.98 and a beta of 0.54. The business has a fifty day simple moving average of $293.60 and a 200-day simple moving average of $314.85. Molina Healthcare has a fifty-two week low of $262.32 and a fifty-two week high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, equities analysts predict that Molina Healthcare will post 24.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Molina Healthcare

Several large investors have recently made changes to their positions in the company. CWM LLC grew its position in Molina Healthcare by 76.2% in the third quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after acquiring an additional 1,730 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Molina Healthcare by 85.0% during the third quarter. Exchange Traded Concepts LLC now owns 3,129 shares of the company’s stock worth $1,078,000 after buying an additional 1,438 shares during the last quarter. Creative Planning raised its holdings in Molina Healthcare by 2.7% during the third quarter. Creative Planning now owns 8,454 shares of the company’s stock valued at $2,913,000 after buying an additional 226 shares in the last quarter. NBC Securities Inc. raised its holdings in Molina Healthcare by 5.2% during the third quarter. NBC Securities Inc. now owns 2,098 shares of the company’s stock valued at $722,000 after buying an additional 103 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in shares of Molina Healthcare by 26.0% in the third quarter. Bleakley Financial Group LLC now owns 888 shares of the company’s stock worth $306,000 after buying an additional 183 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

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.