Analysts Set Molina Healthcare, Inc. (NYSE:MOH) PT at $355.69

Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $355.69.

Several equities research analysts recently commented on MOH shares. Stephens reaffirmed an "equal weight" rating and set a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. Mizuho dropped their price objective on Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Truist Financial dropped their price objective on Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th.

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Molina Healthcare Price Performance

Shares of NYSE MOH traded down $4.47 during trading hours on Tuesday, reaching $310.50. 804,103 shares of the stock traded hands, compared to its average volume of 774,781. The company has a market capitalization of $17.23 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare has a 52-week low of $262.32 and a 52-week high of $423.92. The company's 50-day simple moving average is $297.31 and its two-hundred day simple moving average is $311.20.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced 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%. Equities research analysts forecast that Molina Healthcare will post 24.4 EPS for the current year.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Molina Healthcare

A number of institutional investors and hedge funds have recently bought and sold shares of MOH. Norges Bank bought a new stake in Molina Healthcare during the 4th quarter valued at $134,675,000. FMR LLC raised its position in shares of Molina Healthcare by 31.1% in the 4th quarter. FMR LLC now owns 1,801,113 shares of the company's stock worth $524,214,000 after acquiring an additional 427,276 shares in the last quarter. Voloridge Investment Management LLC raised its position in shares of Molina Healthcare by 1,641.3% in the 4th quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company's stock worth $119,274,000 after acquiring an additional 386,273 shares in the last quarter. Invesco Ltd. raised its position in shares of Molina Healthcare by 28.5% in the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock worth $386,229,000 after acquiring an additional 294,180 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Molina Healthcare by 7.4% in the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock worth $766,111,000 after acquiring an additional 181,073 shares in 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.