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

Shares of Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) have earned a consensus rating of "Hold" from the twelve research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $361.91.

A number of equities analysts have recently commented on the company. Barclays boosted their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company raised their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a report on Monday, November 4th.

Institutional Investors Weigh In On Molina Healthcare

Several large investors have recently modified their holdings of the stock. Retirement Systems of Alabama increased its position in Molina Healthcare by 1.0% in the second quarter. Retirement Systems of Alabama now owns 12,926 shares of the company's stock worth $3,843,000 after buying an additional 123 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Molina Healthcare by 8.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 70,187 shares of the company's stock valued at $20,867,000 after purchasing an additional 5,691 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Molina Healthcare by 3.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,578 shares of the company's stock worth $6,415,000 after purchasing an additional 689 shares during the period. Innealta Capital LLC purchased a new position in shares of Molina Healthcare in the second quarter worth about $36,000. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Molina Healthcare by 15.9% in the second quarter. Crossmark Global Holdings Inc. now owns 6,786 shares of the company's stock worth $2,017,000 after purchasing an additional 930 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Price Performance

Shares of MOH stock traded down $1.01 during trading on Thursday, hitting $294.18. The company had a trading volume of 318,852 shares, compared to its average volume of 555,148. The firm has a market capitalization of $16.83 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.54. Molina Healthcare has a one year low of $272.69 and a one 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. The stock's 50-day moving average price is $304.44 and its 200 day moving average price is $318.49.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period last year, the firm earned $5.05 EPS. The business's quarterly revenue was up 21.0% compared to the same quarter last year. Equities analysts expect that Molina Healthcare will post 23.44 EPS for the current fiscal 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.