Molina Healthcare (NYSE:MOH) Price Target Lowered to $340.00 at Truist Financial

Molina Healthcare (NYSE:MOH - Get Free Report) had its price objective lowered by equities research analysts at Truist Financial from $370.00 to $340.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price objective suggests a potential upside of 19.76% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Robert W. Baird reduced their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Barclays dropped their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. StockNews.com lowered shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 8th. Finally, Wells Fargo & Company lifted their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $353.17.

Molina Healthcare Stock Down 2.6 %

MOH stock traded down $7.57 during mid-day trading on Wednesday, hitting $283.89. The stock had a trading volume of 1,063,437 shares, compared to its average volume of 698,492. The company has a fifty day moving average of $293.60 and a 200 day moving average of $314.85. Molina Healthcare has a 1-year low of $262.32 and a 1-year high of $423.92. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.05 and a beta of 0.54. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, equities analysts expect that Molina Healthcare will post 24.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Molina Healthcare

Several large investors have recently modified their holdings of MOH. Public Sector Pension Investment Board boosted its stake 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 buying an additional 300 shares in the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Molina Healthcare by 76.1% during the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company's stock valued at $1,219,000 after acquiring an additional 1,811 shares during the period. Everence Capital Management Inc. bought a new position in shares of Molina Healthcare during the fourth quarter valued at $544,000. SYM FINANCIAL Corp acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at $249,000. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Molina Healthcare in the 3rd quarter worth about $2,947,000. 98.50% of the stock is currently 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.