Truist Financial Issues Pessimistic Forecast for Molina Healthcare (NYSE:MOH) Stock Price

Molina Healthcare (NYSE:MOH - Get Free Report) had its target price dropped by equities researchers at Truist Financial from $400.00 to $370.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price objective points to a potential upside of 24.37% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Cantor Fitzgerald restated an "overweight" rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays increased their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $359.18.

Molina Healthcare Trading Up 1.0 %

Shares of NYSE MOH traded up $3.02 during trading on Monday, hitting $297.51. 361,537 shares of the company were exchanged, compared to its average volume of 368,712. The company has a fifty day moving average price of $303.42 and a 200-day moving average price of $317.70. 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 has a market capitalization of $17.02 billion, a PE ratio of 15.11, a P/E/G ratio of 1.04 and a beta of 0.54. Molina Healthcare has a 12-month low of $272.69 and a 12-month high of $423.92.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MOH. Public Sector Pension Investment Board raised its position in Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company's stock valued at $871,000 after purchasing an additional 300 shares in the last quarter. CWM LLC increased its stake in shares of Molina Healthcare by 76.2% during the third quarter. CWM LLC now owns 4,001 shares of the company's stock worth $1,379,000 after buying an additional 1,730 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $544,000. Oddo BHF Asset Management Sas acquired a new stake in Molina Healthcare in the third quarter valued at approximately $2,947,000. Finally, Tri Ri Asset Management Corp purchased a new position in Molina Healthcare in the third quarter worth approximately $3,722,000. 98.50% of the stock is currently owned by hedge funds and other 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.