Molina Healthcare, Inc. (NYSE:MOH) Receives $367.17 Average Price Target from Brokerages

Shares of Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) have been given a consensus recommendation of "Hold" by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $367.17.

A number of equities analysts recently commented on MOH shares. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Robert W. Baird reduced 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. Wells Fargo & Company increased their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Cantor Fitzgerald reissued an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Finally, Barclays boosted their price objective on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th.

Molina Healthcare Stock Up 0.4 %

Molina Healthcare stock traded up $1.30 during midday trading on Friday, reaching $297.90. The stock had a trading volume of 267,142 shares, compared to its average volume of 714,674. 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. The firm's fifty day simple moving average is $317.40 and its 200-day simple moving average is $322.00. The stock has a market capitalization of $17.04 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 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 analyst estimates of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.05 earnings per share. As a group, analysts expect that Molina Healthcare will post 23.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MOH. Custom Index Systems LLC increased its holdings in Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company's stock worth $205,000 after purchasing an additional 33 shares in the last quarter. WCM Investment Management LLC lifted its stake in shares of Molina Healthcare by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock valued at $369,000 after buying an additional 36 shares in the last quarter. Metis Global Partners LLC boosted its holdings 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 worth $960,000 after acquiring an additional 39 shares during the period. AlphaMark Advisors LLC boosted its stake in Molina Healthcare by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company's stock worth $1,053,000 after purchasing an additional 40 shares during the period. Finally, Caprock Group LLC grew its stake in Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company's stock valued at $503,000 after acquiring an additional 47 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

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.