Molina Healthcare, Inc. (NYSE:MOH) Receives Average Recommendation of "Hold" from Brokerages

Shares of Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) have been given a consensus rating of "Hold" by the thirteen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $355.67.

MOH has been the subject of several research reports. Truist Financial cut their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating for the company in a research report on Monday, January 6th. UBS Group decreased their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Stephens reissued an "equal weight" rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th.

Institutional Investors Weigh In On Molina Healthcare

A number of institutional investors have recently made changes to their positions in MOH. Colonial Trust Co SC boosted its holdings in Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company's stock worth $30,000 after purchasing an additional 93 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of 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. Versant Capital Management Inc increased its holdings in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after acquiring an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Molina Healthcare in the 4th quarter valued at $52,000. Finally, Hurley Capital LLC purchased a new position in shares of Molina Healthcare in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Performance

Shares of NYSE MOH traded up $1.61 during midday trading on Friday, reaching $272.28. The company's stock had a trading volume of 640,907 shares, compared to its average volume of 654,476. Molina Healthcare has a 12-month low of $262.32 and a 12-month high of $423.92. The firm has a 50 day moving average price of $294.57 and a 200-day moving average price of $315.79. The stock has a market capitalization of $15.57 billion, a P/E ratio of 13.33, a PEG ratio of 0.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities analysts predict that Molina Healthcare will post 24.5 earnings per share for the current year.

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.