Molina Healthcare, Inc. (NYSE:MOH) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $350.75.

A number of brokerages have recently commented on MOH. Mizuho lifted their target price on Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. UBS Group cut their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Truist Financial cut their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th.

Molina Healthcare Price Performance

Shares of MOH traded up $9.61 during mid-day trading on Friday, reaching $340.27. The stock had a trading volume of 918,125 shares, compared to its average volume of 650,337. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.06 and a beta of 0.70. Molina Healthcare has a 12 month low of $262.32 and a 12 month high of $383.58. The business has a fifty day moving average of $309.45 and a 200 day moving average of $308.20. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Remove Ads

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Equities analysts predict that Molina Healthcare will post 24.4 EPS for the current year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Molina Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the stock. Merit Financial Group LLC raised its position in shares of Molina Healthcare by 268.7% during the 1st quarter. Merit Financial Group LLC now owns 4,181 shares of the company's stock worth $1,377,000 after acquiring an additional 3,047 shares in the last quarter. Milestone Asset Management LLC acquired a new stake in Molina Healthcare during the first quarter worth approximately $209,000. NBC Securities Inc. lifted its position in shares of Molina Healthcare by 122,700.0% during the 1st quarter. NBC Securities Inc. now owns 2,456 shares of the company's stock worth $808,000 after buying an additional 2,454 shares during the last quarter. Czech National Bank boosted its holdings in shares of Molina Healthcare by 2.8% in the 1st quarter. Czech National Bank now owns 12,747 shares of the company's stock valued at $4,199,000 after buying an additional 344 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Molina Healthcare by 5.9% in the 1st quarter. Rhumbline Advisers now owns 146,834 shares of the company's stock valued at $48,366,000 after buying an additional 8,192 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

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.