Stephens Reaffirms Equal Weight Rating for Molina Healthcare (NYSE:MOH)

Stephens reaffirmed their equal weight rating on shares of Molina Healthcare (NYSE:MOH - Free Report) in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a $345.00 price objective on the stock.

Several other analysts have also recently issued reports on MOH. JPMorgan Chase & Co. restated a "neutral" rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Truist Financial cut their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Barclays increased their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, StockNews.com raised Molina Healthcare from a "buy" rating to a "strong-buy" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare currently has a consensus rating of "Hold" and an average price target of $355.67.

Molina Healthcare Stock Up 0.8 %

MOH traded up $2.23 on Thursday, reaching $286.20. The company's stock had a trading volume of 776,791 shares, compared to its average volume of 616,185. Molina Healthcare has a 1 year low of $272.69 and a 1 year high of $423.92. The business's 50 day moving average is $298.27 and its 200 day moving average is $318.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $5.05 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%. As a group, research analysts forecast that Molina Healthcare will post 24.5 EPS for the current fiscal year.

Institutional Trading of Molina Healthcare

Several large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its stake in shares of Molina Healthcare by 5.2% in the 4th quarter. Corient Private Wealth LLC now owns 5,437 shares of the company's stock valued at $1,583,000 after purchasing an additional 271 shares during the last quarter. Royce & Associates LP lifted its position in shares of Molina Healthcare by 15.5% in the fourth quarter. Royce & Associates LP now owns 35,654 shares of the company's stock worth $10,377,000 after buying an additional 4,787 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Molina Healthcare by 6.7% in the 4th quarter. Natixis Advisors LLC now owns 29,928 shares of the company's stock valued at $8,711,000 after acquiring an additional 1,881 shares in the last quarter. Aurora Investment Counsel lifted its holdings in Molina Healthcare by 1.9% in the 4th quarter. Aurora Investment Counsel now owns 6,342 shares of the company's stock worth $1,846,000 after purchasing an additional 117 shares during the last quarter. Finally, Atala Financial Inc bought a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $74,000. 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.