Molina Healthcare, Inc. (NYSE:MOH) Receives $359.18 Consensus PT from Analysts

Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $359.18.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Barclays upped their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Robert W. Baird reduced their price objective on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a research note 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. Finally, Truist Financial reduced their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Monday, January 6th.

Molina Healthcare Stock Up 1.3 %

NYSE:MOH traded up $3.76 on Monday, hitting $286.36. The stock had a trading volume of 838,441 shares, compared to its average volume of 426,981. The firm's fifty day simple moving average is $296.84 and its two-hundred day simple moving average is $317.13. The stock has a market cap of $16.38 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 0.89 and a beta of 0.54. 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 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analysts' expectations of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.05 EPS. Analysts predict that Molina Healthcare will post 23.44 earnings per share for the current year.

Hedge Funds Weigh In On Molina Healthcare

A number of institutional investors have recently modified their holdings of the stock. WCM Investment Management LLC increased its position in shares of Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock valued at $369,000 after acquiring an additional 36 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of Molina Healthcare by 1.4% in the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company's stock valued at $960,000 after buying an additional 39 shares in the last quarter. Caprock Group LLC increased its holdings in Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company's stock worth $503,000 after buying an additional 47 shares during the last quarter. Bank of Hawaii raised its position in Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company's stock worth $422,000 after acquiring an additional 54 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its stake in Molina Healthcare by 1.3% in the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company's stock valued at $1,526,000 after acquiring an additional 55 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

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.