Molina Healthcare (NYSE:MOH) Price Target Cut to $339.00 by Analysts at Barclays

Molina Healthcare (NYSE:MOH - Free Report) had its price objective cut by Barclays from $372.00 to $339.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued research reports about the stock. UBS Group cut their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday. Stephens reiterated an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped 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 note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Molina Healthcare has an average rating of "Hold" and a consensus price target of $355.67.

Molina Healthcare Trading Down 4.8 %

Shares of MOH stock traded down $13.76 during trading hours on Friday, reaching $272.66. 926,126 shares of the stock traded hands, compared to its average volume of 640,901. Molina Healthcare has a 1-year low of $272.40 and a 1-year high of $423.92. The business has a fifty day moving average price of $297.17 and a 200 day moving average price of $317.83. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $15.60 billion, a PE ratio of 13.35, a PEG ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, equities research analysts forecast that Molina Healthcare will post 24.5 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. True Wealth Design LLC boosted its holdings in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after buying an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare during the 4th quarter worth $52,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after buying an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock worth $58,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 98.50% of the company's stock.

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.